HECM loan application activity falls



HECM application activity falls


After a long delay the most recent FHA Single Family Production report was released earlier this month revealing November HECM application activity. 

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Insurance fund for RMs looking healthy: Industry Leader Update

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HUD Secretary says fund backing reverse mortgages looks good…

The lackluster condition of of the Mutual Mortgage Insurance fund in fiscal year 2010 lead to some sweeping changes which included a reduction of principal limit factors, an increase of ongoing FHA insurance and the introduction of the Saver.

What changes can we anticipate when the insurance fund’s actuarial report is released this November if any? The housing market aside there are factors that have improved the overall financial health of this fund which backs federally-insured reverse mortgages.