In all references, this refers to the same loan product: a government -
insured home equity conversion mortgage or reverse mortgage.
Not exact matches
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.
All that said, reverse mortgages, which usually come in the form of federally
insured home -
equity -
conversion mortgages (HECMs), can be the right option for the right people in the right circumstances.
If you're refinancing to a reverse mortgage, FHA
insures these loans through its
home equity conversion mortgage program (HECM).
Third, you have to wonder why the FHA continues to
insure reverse mortgages, what HUD calls
home equity conversion loans (HECMs).
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).