HECM Endorsements Rebound

26 Jun

Endorsements for the Home Equity Conversion Mortgage (HECM) increased 10.2%  year-over-year in April after the 27% decrease for the same month in the previous year, according to the latest from Reverse Market Insight.

California showed the most total volume at 2,914 units—a 12.2% growth change year-over-year, with Los Angeles, Orange and San Diego Counties taking the top three spots for HECM volumes in April,

New York also put in a strong showing with three of its own—Suffolk, Queens and Kings Counties

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