Annual HECM Production Chart

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 2010, for instance, began October 1, 2009, and ends September 30, 2010).

FY 2013       27,953
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 = 808,035
Source: HUD

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

Through March 2013

*The new federal fiscal began October 1, 2011