Archive for April 26th, 2009
Reverse Mortgage (HECM) Production Chart
Annual HECM Production Chart: The HECM is the federally insured reverse mortgage product. It is insured by the Federal Housing Administration (FHA), a branch of the U.S. Department of Housing and Urban Development (HUD). HECMs account for about 90 percent of all reverse mortgages made today in the U.S. Following are the number of HECM [...]
Read Full Post | Make a Comment ( None so far )Reverse Mortgage: What’s it all about?
Exactly what is a Reverse Mortgage? A Reverse Mortgage is a special type of loan for seniors age 62 and above that can turn the untapped equity in your home and give back – finally – to it’s owner. As the name implies, a Reverse Mortgage works in reverse. Instead of equity growing as the [...]
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