Mortgage Daily

Published On: May 2, 2017

A modest decline was recorded for monthly production of government-insured reverse mortgages, though there was a year-over-year rise.

The number of home-equity conversion mortgages that were endorsed by the Federal Housing Administration in April 2017 came to 5,036.

Business moved lower from the prior month, when there were 5,364 HECMs endorsed.
But activity picked up from 4,243 a year prior.

Historical data from Reverse Market Insight, which reported last month’s numbers, indicate that
FHA has endorsed 19,404 reverse mortgages during the first-four months of this year. Since starting its fiscal-year 2017 on Oct. 1, 2016, there have been 31,872 HECMs endorsed.

So far this year, there have been 324 FHA mortgagees that were responsible for HECMs that have been endorsed, fewer than 358 at the same point in 2016.

The biggest originator of HECMs during April 2017 was American Advisors Group, where there were 993 loans endorsed, falling from 1,167 in March.

No. 2 Liberty Home Equity Solutions Inc. saw volume decline to 462 from 536.

Finance of America Reverse LLC was responsible for 439 HECMs in April, fewer than 482 a month earlier.

In the fourth spot was Reverse Mortgage Funding LLC, where endorsements totaled 364 last month, one more than in March.

No. 5 One Reverse Mortgage LLC pushed up production to 261 in April from 253 the previous month.

FREE CALCULATORS TO HELP YOU SUCCEED
Tools for Your Next Big Decision.

Amortization Calculator

Affordability Calculator

Mortgage Calculator

Refinance Calculator

FHA Mortgage Calculator

VA Mortgage Calculator

Real Estate Calculator

Tags

Pre-Approval Resources!

Making well educated decions in a matter of minutes and stay up to date on the latest news Mortgage Daily has to offer. Read our latest articles to stay up to date on what’s going on…

Resource Center

Since 1998, Mortgage Daily has helped millions of people such as yourself navigate the complicated hurdles of the mortgage industry. See our popular topics below, search our website. With over 300,000 articles, we are guaranteed to have something for you.

Your mortgages approval starts here.

Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here.

Stay Up To Days with Today’s Latest Rates

Mortgage

Today’s rates starting at

4.63%

5/1 ARM
$200,000 LOAN

Home Refinance

Today’s rates starting at

4.75%

30 YEAR FIXED
$200,000 LOAN

Home Equity

Today’s rates starting at

3.99%

3 YEAR
$200,000 LOAN

HELOC

Today’s rates starting at

2.24%

30 YEAR FIXED
$200,000 LOAN