After falling to the lowest level in nearly two years, originators of government-insured reverse mortgages pushed monthly volume to a five-month high.
The Federal Housing Administration endorsed 4,387 home-equity conversion mortgages in August — the most since March, when there were 4,535.
During the previous month, HECM endorsements numbered 3,534 — the fewest since August 2014, when FHA endorsed 3,256 reverse mortgages.
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From:: Financing