Federally insured reverse mortgage production moved higher both on a month-over-month basis and on a year-over-year basis.

Federal Housing Administration mortgagees were responsible for 4,782 home-equity conversion mortgage endorsements during November.

HECM production picked up from the preceding month, when 4,497 units were endorsed, and the same month in 2016, when the number was 3,891.

Source: Mortgage Daily