The Federal Housing Administration (FHA) announced last week that the Home Equity Conversion Mortgage (HECM) limit for 2025 will be $1,209,750. It’s the ninth straight year that the limit will ...

Reverse mortgage expert Dan Hultquist discusses HECM policy reform, proprietary loan market shifts and the influence of new technology tools for originators. AI Summary Editor’s note: Welcome to the ...

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 received a solicitation for an HECM loan saying I had “Estimated Funds Available” of $54,059. HECM stands for “home equity conversion mortgage” and is the FHA’s reverse mortgage program that enables ...

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.

There are very few restrictions or limitations on a HECM (Home Equity Conversion Mortgage), which is a loan program also known as a reverse mortgage. However, there is one element of the HECM that ...

A November webinar featuring Telhio Credit Union Loan Officer Allie Hager and Realtor Kelly Hamilton of Realty Forward is still getting attention from credit unions focused on strengthening realtor ...

CHICAGO (Reuters) - If you've been thinking about getting a reverse mortgage, September offers a model-year closeout sale opportunity. A new set of rules governing Home Equity Conversion Mortgages ...

My last couple of posts, beginning with The Mortgage is Dead; Long Live the Reverse Mortgage, have extolled the virtues of the improved FHA HECM reverse mortgage products. Given that the typical ...

It was one of the puzzles of the non-borrowing spouses’ (NBS) litigation saga which began in March 2011. Within a month of Bennett v. Donovan, in which non-borrowing spouses sued HUD alleging failure ...

The HECM loan program was originally designed to meet the special needs of elderly homeowners by reducing the effect of the economic hardship caused by the increasing costs of meeting health, housing, ...