Federally insured reverse mortgage production was barely changed on a month-over-month basis. But there was a nice year-over-year improvement.
During June 2017, the Federal Housing Administration endorsed 4,837 home-equity conversion mortgages, not much different than 4,854 the prior month.
However, there was a substantial increase in volume versus the same month last year, when FHA mortgagees generated 3,771 HECM endorsements.
Source: Mortgage Daily
