Federally insured reverse mortgage production jumped to the highest level since the summer of 2015 despite a drop in the number of originators.
During March 2017, there were 5,364 home-equity conversion mortgages that were endorsed by the Federal Housing Administration.
Last month’s HECM endorsements turned out to be the most since August 2015, when production worked out to 5,750 reverse mortgages.
Source: Mortgage Daily
