Total HECM loans for fiscal year 2009 will likely hit 116,000 by the end of September.  This is a very small number when compared to the total of all mortgage loans… maybe 1% at most.

Total HECM Loans

Total HECM Loans

UPDATE: FY2009 HECM loans total is 114,000, short of predictions

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Author – Robert H. Irving, CSA®
Senior Reverse Mortgage Consultant