21 Jul
Logo of the Federal Housing Administration.

Image via Wikipedia

There was a 17% increase in HECM applications in June,, according to the latest from the Federal Housing Administration. housing outlook.    For the HECM Saver, There were 542 FHA endorsements in June, up 43% over May’s 365 Saver endorsements.

The HECM for Purchase also gained in June, recording 146 endorsements, up from 96 in May.  June 2010 showed 101 HECM purchase loans.

So far Fiscal Year 2011 has seen 72,718 HECM applications.  June’s increase in applications might be the last of the Wells Fargo loans going in.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: