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A Brief History Of Reverse Mortgages

Other options outside of the federal program pop up occasionally, like jumbo reverse mortgages for those seeking amounts that exceed federal limits. The HECM program includes ... The thrust of these c... read more

Specialization Could Be Key to HECM for Purchase Success

The Home Equity Conversion Mortgage for Purchase program represents an interesting middle ground between true diversification and the bread-and-butter HECM for reverse mortgage originators ... and a g... read more

Federal government makes changes to reverse mortgages

But the Department of Housing and Urban Development has offset that rise by introducing another reverse mortgage — the Home Equity Conversion Mortgage Saver — which ... can't borrow as much under the ... read more

Changes offer more protection on reverse mortgages

Considering a reverse mortgage? Make sure you understand how it ... the bureau says. Most reverse mortgages are federally insured through the Federal Housing Authority's Home Equity Conversion Mortgag... read more

HUD announces new reverse mortgage rules

Citing concerns about the strength of the Home Equity Conversion Mortgage (HECM) Program, the agency said it will increase initial premiums and tighten lending limits on reverse mortgages beginning Oc... read more

Losses on reverse mortgages prompt FHA to make changes

Total originations sank to 54,800 in the fiscal year that ended in September, according to federal data. But shrinking volume hasn't been the only problem. The HECM program has ... audit report to Con... read more

HECM for Purchase Success Can Rest on a Few Key Connections

Under the HECM for Purchase program, qualifying homeowners can purchase a new property with a reverse mortgage, typically in conjunction ... until they pass away or leave the home. Allowed by the Fede... read more

Can This New Reverse Mortgage Alternative Help You?

In essence, with a reverse mortgage, you are selling the equity in your home back to a lender in increments. The majority of reverse mortgages are Federal Housing Administration ... as part of the ove... read more

HUD tightens reverse mortgage rules in bid to shield seniors

Major changes are coming to the Department of Housing and Urban Development's reverse mortgage loan program as the agency seeks to shore up its finances and better protect seniors. The Home Equity Con... read more