Annual HECM Production Chart

March 14, 2014

The HECM is the federally insured reverse mortgage product. It is insured by the Federal Housing Administration (FHA), a branch of the U.S. Department of Housing and Urban Development (HUD). HECMs account for nearly all reverse mortgages made today in the U.S.

Following are the number of HECM loans made in each federal fiscal year since the program began. HUD provides data by federal fiscal year (each federal fiscal year begins October 1 and runs through September 30 of the following year. FY 2014, for instance, began October 1, 2013, and ends September 30, 2014).

FY 2014--23,325
FY 2013--60,091
FY 2012--54,822
FY 2011--73,131
FY 2010--79,106
FY 2009--114,692
FY 2008--112,154
FY 2007--107,558
FY 2006--76,351
FY 2005--43,131
FY 2004--37,829
FY 2003--18,097
FY 2002--13,049
FY 2001--7,781
FY 2000--6,640
FY 1999--7,982
FY 1998--7,896
FY 1997--5,208
FY 1996--3,596
FY 1995--4,165
FY 1994--3,365
FY 1993--1,964
FY 1992--1,019
FY 1991--389
FY 1990--157 loans

Total = 862,499

Source: HUD

The record for monthly volume was in April 2009 (11,660).

Through February 2014

*The new federal fiscal began October 1, 2013

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