Following two of the busiest months it has seen in a while, the Federal Housing Administration endorsed the smallest number of reverse mortgages in eight months.
Home-equity conversion mortgages endorsed by FHA in March numbered 4,300 — the lowest number of HECM endorsements since 4,254 were endorsed in July 2017.
HECM endorsements were 5,201 in February — the second-most during the last 11 months. January of this year was the busiest month since March 2011.
Source: Mortgage Daily