Reverse Production Continues to Climb - Mortgage Forums for Mortgage Brokers

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Reverse Production Continues to Climb

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02-12-2008, 02:01 PM

Veronica Corningstone Veronica Corningstone is offline

Corner Window Office

Join Date: Jan 2006

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Reverse Production Continues to Climb

From Oct. 1, 2007 through Dec. 31, 2007, the Federal Housing Administration insured 24,686 home equity conversion mortgage, according to data provided by the National Reverse Mortgage Lenders Association. The latest figures bring total volume for the 12 months ended Dec. 31 to a record. Activity during the government's fiscal year ended Sept. 30 was also a record.

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