An attempt to reopen a HECM foreclosure was denied as a judge ruled that the borrower’s heirs failed to meet state legal ...

With a HECM, a borrower can access a portion of their equity with no monthly mortgage payment, until they sell their home or ...

This makes an HECM the most popular type of reverse mortgage. Learn more about HECMs, how they compare with other reverse mortgages, how to qualify for one, and when or if they might be right for you.

The home equity conversion mortgage (HECM) is a popular type of reverse mortgage that's backed by the FHA. Reverse mortgages let you take money out of your home and receive a monthly payment from ...

There are three types of reverse mortgages. These are the most common type of reverse mortgage loan and are only available to ...

Over time, your debt increases. Reverse mortgages are only for older homeowners. You must be 62 or older to get a Home Equity Conversion Mortgage (HECM) — the government-backed reverse mortgage ...

The Federal Housing Administration, which insures most reverse mortgages through its Home Equity Conversion Mortgage (HECM) program, protects lenders from losses if borrowers or their heirs can't ...

The company previously said this option will make HECM processes more convenient for borrowers as it seeks to expand the business.

The bank said it will appeal the judge's ruling, which it suggested would have a chilling effect on lenders participating in ...

HECM for Purchase and jumbo reverse mortgages. Its jumbo reverse mortgage product, called Longbridge Platinum, covers homes valued up to $4 million. The company guarantees to close all loans ...

Ahead of next week’s MBA Advocacy event in Washington DC, I received this note from an industry vet. “With the continued ...

Modernizing the Reverse Mortgage Experience Close Smarter – With hybrid eClosings, HECM borrowers can securely ... 200,000 eClosings for our forward mortgages since 2017," said Peter Sciandra ...