What Is A Reverse Mortgage

Older couple walking on a path

“We are considering some other changes [to the HECM program]”. HECM is the governments moniker for the FHA insured reverse mortgage. Those are the words of FHA Commissioner Brian Montgomery during a media conference call for the release of FHA’s report to Congress. “I don’t think we ever envisioned that the FHA reverse mortgage product… [Read More]