HECM Growth Continues in NY NJ PA

26 Sep

 

Through July of this year, the top ten states for HECM loans endorsed are listed below.  The first number is the number of actual loans endorsed, followed by the percent growth.  Negative numbers indicate negative growth.

 

1 California   5,955    3.7 %

 

2 Texas    3,770    13.0 %

 

3 Florida    2,919    -21.4 %

 

4 New York    2,602    10.6 %

 

5 Pennsylvania    1,978    27.0 %

 

6 New Jersey    1,856    14.1 %

 

7 Virginia    1,692    4.4 %

 

8 Maryland    1,458    -21.9 %

 

9 North Carolina    1,148    38.3 %

 

10 Illinois    1,145    -20.8 %

 

Figures courtesy Reverse Mortgage Insight

 

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