A term used exclusively for the Federal Housing Administration (FHA)-insured reverse mortgage program, HECM stands for Home Equity Conversion Mortgage. While HECM loans have been around since 1989, ...

Jim Dean is a HECM loan originator who contributed a great deal to my first two posts on reverse mortgages. I asked Jim to pen the following guest post to explain the HECM for Purchase Program. In a ...

The HECM for purchase seems to be on everyone’s mind these days. As we wait for HUD’s guidance on the program I thought I’d pass along some information that Financial Freedom issued about the HECM for ...

Recent media and reverse mortgage industry sources continue to report increased loan volume transactions for senior Americans utilizing the HECM for Purchase Program. This volume is largely fueled by ...

HECM for Purchase loans have come a long way from relative obscurity when initially released in 2009 to gaining continued momentum today. With the recent introduction of HECM for Purchase transactions ...

The HECM for Purchase program allows mortgagees to originate HECM for Purchase transactions to purchase a 1-to-4 family dwelling unit, one unit of which will serve as the borrower’s principal ...

Susan Pomfret, Senior VP of the HECM Lending Division at Cross Country Mortgage, LLC shares information on HECM for Purchase. A Home Equity Conversion Mortgage (HECM) for Purchase allows those 62 and ...

Yes. Known as the HECM for Purchase, this program was designed to allow seniors to purchase a new principal residence and obtain a reverse mortgage within a single transaction. This program has been ...

Seniors over the age of 62 can take advantage of the Federal Housing Administration’s (FHA) Home Equity Conversion Mortgage (HECM) program to purchase a new home. This program uses a reverse mortgage ...

Generation Mortgage Company has created a continuing education class on Home Equity Conversion Mortgage (HECM) for Purchase loans for California realtors. The California Department of Real ...

Ever wondered how much Ben Carson is worth, where he puts his money, and how much money he earns? Here you go. His hearing is today for the HUD spot. "...it's difficult for a child to learn at school ...