HECMWorld.com

WASHINGTON, Aug. 18 /PRNewswire-USNewswire/ — AARP, the world’s largest member organization for people 50+ with 40 million members, today announced it will bring its annual National Event & Expo to the city of Las Vegas on October 22-24, 2009. Aptly named “Vegas@50+,” this three-day event for AARP members, their friends and families will have something [...]

Home values, loan amounts, and the way seniors use home equity conversion mortgages impact the Federal Housing Administration’s potential liability for its reverse mortgage program, recent studies show.
If the Department of Housing and Urban Development had used the same home appreciation models for fiscal year 2010 as it did in prior years, there would be [...]

Fannie Mae’s reverse mortgage portfolio grew by more than $7 billion between Dec. 31 and June 30, according to the government-sponsored enterprise’s second-quarter financial report.
Fannie Mae reported slightly different amounts for the outstanding unpaid principal balance of reverse mortgages. In a footnote to its total $766.2 billion mortgage portfolio balance sheet, the report said the [...]

Generation Mortgage Company(TM) has created the first-ever continuing education class on Home Equity Conversion Mortgage (HECM) for Purchase loans for California realtors.
The California Department of Real Estate-approved course, titled “Reverse Mortgage Opportunities and Consumer Protections for Senior Clients,” is available upon request to California real estate agencies statewide. Attendees can qualify for two credit hours [...]