H.E.C.M.

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H.E.C.M.

Post  Lizzy B on Fri Feb 08, 2008 12:51 pm

I see HECM what is this and what does it mean.

Lizzy B

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Re: H.E.C.M.

Post  Nini Stone on Fri Feb 08, 2008 1:12 pm

H.E.C.M stands for: Home Equity Conversion Mortgage.

The H.E.C.M. is the ONLY Reverse Mortgage insured by the federal government. HECM loans are insured by the Federal Housing Administration (FHA), which is part of the U.S. Department of Housing and Urban Development (HUD).

Nini Stone

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