If you're not sure what a reverse mortgage is and what it does, you're not alone. Put simply, instead of making a monthly mortgage payment to a lender, with a reverse mortgage the lender makes ...

This type of mortgage is ideal for many retirees because it provides flexibility and can even help them defer taking Social ...

Have you heard of a HECM loan? If not, let me share with you what it is and clarify if it is something you should consider. First of all, HECM which is pronounced “Heck-Em” stands for Home Equity ...

A home equity conversion mortgage (HECM) is a type of reverse mortgage. The Federal Housing Administration (FHA) insures the mortgage, which helps seniors cash out their home equity. This can be a ...

Patriots coach Bill Belichick, left, stands with quarterback Tom Brady during the second half of the Dec. 24 game against the Bills in Foxborough, Mass. A HECM is a Home Equity Conversion Mortgage ...

Mutual of Omaha led HECM endorsements in 2025 as the reverse mortgage market remained steady despite a lengthy government ...

A reverse mortgage allows older homeowners to tap their home’s equity and receive tax-free payments. Many reverse mortgage borrowers use these payments to supplement retirement income. The most common ...

While the Home Equity Conversion Mortgage (HECM) product allows seniors to tap into their home equity, Black seniors are disproportionately denied HECM loans when compared to white borrowers in all ...

FHA Assigned HECM loans are FHA insured first mortgage loans in good standing, and upon reaching a specified threshold, were assigned to HUD for continued loan servicing for the life of the loan.

The principal limit factor (PLF) condition in the Mortgagee Optional Election (MOE) Assignment is a relief-killer condition. That is why calling the MOE Assignment “a relief” for existing surviving ...

I will assess this question for a homeowner of 62 with a house now worth $400,000 who has no current need to draw funds from a HECM but wants the largest possible credit line looking ahead – say in 3 ...

Credit Union and Real Estate Agent Relationship A November webinar featuring Telhio Credit Union Loan Officer Allie Hager and ...