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...
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...