Reverse Mortgage
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Reverse Mortgage

This forum promotes education about the FHA Guaranteed Home Equity Conversion Mortgage (HECM) and other proprietary reverse mortgage products.


H.E.C.M.

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Reverse Mortgage :: Reverse Mortgage Basic Information :: History of Reverse Mortgages

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H.E.C.M. Empty H.E.C.M.

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

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

Lizzy B

Posts : 23
Join date : 2008-02-05

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H.E.C.M. Empty Re: H.E.C.M.

Post  Nini Stone 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

Posts : 17
Join date : 2008-02-04

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Reverse Mortgage :: Reverse Mortgage Basic Information :: History of Reverse Mortgages

 
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