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2016 National HECM Endoresements

This infographic was created from data provided in the Single Family Snapshot from HUD. This shows some of the interesting data about the HECM (reverse mortgage) market nationwide. The reason I created this infographic is that I was unable to find much in the way of data for the reverse mortgage market other than the top 100 lenders nationwide. I wanted to know how my business stacked up against national averages as well as how the HECM was being used by borrowers. There were a few of the things that I personally found interesting about this data. The firs was how small of a percentage the HECM for Purchase program was compared to the overall number of endorsements. The second was that four states, CA, NY, FL and TX, accounted for a little over 45% of the endorsements, with California alone accounting for 22% of all endorsements nationwide. I hope you enjoy the data as much as I enjoyed putting it all together.

national-hecm-endorsements-2016

Infographic Source: http://oregonreversepro.com/2016-national-hecm-endorsements/

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