Librarian Files

 

HECM (pronounced Heck-um)
 
HECM stands for Home Equity Conversion Mortgage, popularly known as a reverse mortgage.   There mortgages are guaranteed by the Federal Housing Administration and supported by Fannie Mae (the Federal National Mortgage Association).
For local help on HECM go to the HUD WebPages at http://www.hud.gov/offices/hsg/sfh/hcc/hcc_home.cfm
 
Source:
Arizona Daily Star
, October 27, 1991. Money Section.  Page 4.
                                                                  
 

 

 

 

Article tagged with: HECM, Home Equity Conversion Mortgage, Reverse Mortgage

Last Update: 12-17-2010 10:52am

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