Housing and Urban Development Secretary Alphonso Jackson recently announced a $44 million housing counseling and counseling training grant. “This Administration strongly believes in the value of ...

If you're thinking about taking out a reverse mortgage, but you want to minimize the risks associated with this type of home loan, consider a home equity conversion mortgage (HECM). Most loans backed ...

The U.S. Department of Housing and Urban Development (HUD)’s Office of Housing Counseling (OHC) last week released a new update to its Housing Counseling Program Handbook, the first set of ...

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 ...

A reverse mortgage is worth exploring if you want to use some of your home’s equity in retirement — and you plan to stay in your home for the foreseeable future. Do your homework so you know what to ...

Morgan Almer and Joshua Huffman, financial counselors at The Village Family Service Center, Fargo, have been added to U.S. Department of Housing and Urban Development's National Home Equity Conversion ...

HECM counselors are required to utilize a standard protocol as part of the HECM Counseling Program. It contains detailed information on the topics to be covered in a reverse mortgage session as well ...

Make sure you understand all the costs, terms and conditions before applying for a reverse mortgage. Reverse mortgages are widely advertised to older adults as a way to convert part of the equity in a ...

This article proposes changes in HUD policies that would support an enhanced HECM that is part of an integrated retirement plan. Such integration will generate the following benefits: Larger payments ...

FHA insured reverse mortgages, called HECMs, allow seniors to withdraw cash from their home while retaining the right to live there indefinitely. They are a potentially powerful tool for helping ...