HECM SAVER ENDORSEMENTS UP

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.

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