Jan-Feb2020

Numbers The HECM Portfolio An In-Depth View of Some FHA Statistics from NRMLA’s 2019 Annual Meeting 71–74 Roughly, the average age of borrowers between 2009 and 2019. 60,082; 31,260: HECM counseling certificates issued in FY 2019, compared to the number of endorsements. 90% 90% 90% 267,487: Active HECM adjustable rate LIBOR indexed mortgages as of Sept. 30. 20% Rough percentage of HECM borrowers from 2009 to 2019 identified as single males. 40% Rough percentage of HECM borrowers between 2009 and 2019 identified as single females. 40%: Rough percentage of HECM borrowers between 2009 and 2019 identified as couples. Source: Federal Housing Administration Rough percentage of borrowers getting a traditional HECM in FY 2019. Rough percentage of borrowers getting a line of credit in FY 2019. Rough percentage of borrowers getting an annual adjustable rate in FY 2019. 36 REVERSE MORTGAGE / JANUARY-FEBRUARY 2020