In two separate sessions that touched on reverse mortgage counseling, industry insiders revealed emerging trends that shed light on what’s coming down the pipeline for HECM lenders. At the National ...

As the fixed rate HECM has become more popular, HUD recently decided to issue guidance on the product that will require HECM counselors to highlight the risks related to fixed rate HECMs to borrowers ...

A reverse mortgage is worth exploring if you want to use some of your home’s equity in retirement — and you plan to stay in your home for the foreseeable future. Do your homework so you know what to ...

A home equity conversion mortgage (HECM) is a type of reverse mortgage. The Federal Housing Administration (FHA) insures the mortgage, which helps seniors cash out their home equity. This can be a ...

Make sure you understand all the costs, terms and conditions before applying for a reverse mortgage. Reverse mortgages are widely advertised to older adults as a way to convert part of the equity in a ...

Morgan Almer and Joshua Huffman, financial counselors at The Village Family Service Center, Fargo, have been added to U.S. Department of Housing and Urban Development's National Home Equity Conversion ...

Yes. Known as the HECM for Purchase, this program was designed to allow seniors to purchase a new principal residence and obtain a reverse mortgage within a single transaction. This program has been ...

This article proposes changes in HUD policies that would support an enhanced HECM that is part of an integrated retirement plan. Such integration will generate the following benefits: Larger payments ...

(BPT) - Across the nation, thousands of seniors have used a Home Equity Conversion Mortgage (HECM), commonly called a reverse mortgage loan, as a savvy way to access the equity in their homes as part ...

FHA insured reverse mortgages, called HECMs, allow seniors to withdraw cash from their home while retaining the right to live there indefinitely. They are a potentially powerful tool for helping ...