Sentences with phrase «equity conversion loans»

Third, you have to wonder why the FHA continues to insure reverse mortgages, what HUD calls home equity conversion loans (HECMs).

In essence, a reverse mortgage is loaned to the homeowner against the available home equity in the property as the term «home equity conversion loan» is often used.

A reverse mortgage, also known as a home equity conversion loan (HECM), is a tool designed to help eligible homeowners 62 years and older to access the equity in their homes.

Not exact matches

In all references, this refers to the same loan product: a government - insured home equity conversion mortgage or reverse mortgage.

Not should the FHA ask Congress for $ 800 million to support the home equity conversion mortgage (HECM) program, but should the FHA be insuring loans which are increasingly risky.

Through a home equity conversion mortgage — otherwise called a reverse mortgage — homeowners age 62 or older could obtain a loan that would convert the equity in their home into cash.

Fact: Home equity conversion mortgages are non-recourse loans.

Our company makes getting a home equity conversion mortgage easy, with a simple application process and the ability to close your loan in the comfort of your home.

A home equity conversion mortgage is a non-recourse loan.

If you're refinancing to a reverse mortgage, FHA insures these loans through its home equity conversion mortgage program (HECM).

What remains to be seen is whether or not reverse mortgage loans, also called home equity conversion mortgages or HECM loans, can continue to serve their intended purpose.

Reverse Mortgage Counseling We help to educate seniors on the benefit, consequences, option and process of obtaining a home equity conversion mortgage, and enable them to make a more educated decision about whether this type of loan is right for them.

[This may ultimately become equity, but the share price continues to trade below the loan's conversion prices].

Addressing concerns about increasing default rates for reverse mortgage loans, FHA has issued new guidelines for servicing reverse mortgages, which HUD calls home equity conversion (HECM) loans.

Reverse Mortgage Also called «equity conversion mortgage,» these loans permit senior citizens to convert the equity in their homes to income.

In the case of home equity conversion reverse mortgages, the loans are non-recourse, meaning that even if the house sells for less than the balance of the loan, the lender will not seek to recoup the difference from the borrower or the borrower's estate.

Loans with conversion to equity are another possible.

We advise on debt and equity investments, including the use of bonds, loan notes and conversions, short term and working capital funding, as well as leveraged finance, asset finance, lease financing transactions, private equity transactions, management buy - ins and buy - outs, preparing companies for sale and routes to market.

Established in 1997, the National Reverse Mortgage Lenders Association (NRMLA)» is the national voice of the reverse mortgage industry, serving as an educational resource, policy advocate and public affairs center for lenders, as well as related professionals... Over 90 % of the reverse mortgages in the United States today are originated or purchased by NRMLA members, and over 95 % of the reverse mortgages originated in the United States at this time are home equity conversion mortgage («HECM») loans insured by the FHA.»

Most reverse mortgages are insured by the Federal Housing Administration, which calls the loan a home equity conversion mortgage, or HECM (pronounced HECK'm).