Real Estate Law

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FHA Announces “Costly” Alternative to Reverse Mortgage Foreclosure; HUD Soliciting Comment
Posted on 31 Mar 2015 by Troutman Sanders

By Jennifer Bowen and John C. Lynch Since its creation in 2009, the Home Equity Conversion Mortgage (“HECM”) reverse mortgage program created by the Federal Housing Authority has helped numerous senior citizens stay in their homes by... Read More

Tags: mortgage , osure , loan , forecl , FHA , reverse

Jason A. Frank on Reverse Mortgages and Changes to the HECM Program
Posted on 2 Dec 2014 by LexisNexis Legal Newsroom Staff

B y Jason A. Frank A Home Equity Conversion Mortgage (HECM) is a federally insured reverse mortgage guaranteed by the FHA, a part of the U.S. Department of Housing and Urban Development (HUD). Due to substantial stress in the HECM program, the Reverse... Read More