The U.S. Department of Housing and Urban Development (HUD) on Tuesday announced that it is making $40.25 million available to support housing counseling services for homeowners, homebuyers and renters ...

The U.S. Department of Housing and Urban Development (HUD) Office of Housing Counseling (OHC) has made a series of updates to its Housing Counseling Program Handbook, including extensive additions, ...

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 ...

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 ...

Community First National Bank (CFNB) provides reverse mortgage services nationwide through its Reverse Solutions division. Its licensed specialists offer guidance and help eligible homeowners access ...

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 ...

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 ...

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 ...