Home Equity Conversion Mortgage (HECM) endorsements continued to decline in the 2024 fiscal year from a recent peak observed in 2022, while the HECM line of credit continued its dominance as a payment option. Single women were the single largest cohort served by the HECM program.

This is according to program data from the Federal Housing Administration (FHA) as detailed in the agency’s Annual Report to Congress, released in November.

It’s all about the line of credit

Once again, following a spike in HECM endorsements fueled by the HECM-to-HECM (H2H) refinance boom details ⇒

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