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HECM Applications Show Slight Uptick in May, Saver Continues Decline 

Jun 21, 2011By

The Federal Housing Administration recorded a slight increase in HECM applications in May, while endorsement data for the month showed a small decrease in HECM Saver endorsements, according to FHA’s Single-Family Housing Outlook. HECM applications increased 1.4% to 7,473 applications in May, up from 7,371 applications in April (see chart), but still trailed May 2010 […]