The Federal Housing Administration (FHA) announced this week the publication of newly proposed guidance for the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program in the Federal ...

The U.S. Department of Housing and Urban Development (HUD) on Friday announced that a proposed change to the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program has been modified to bar ...

Keep in mind that the borrower must still pay property taxes, fees and insurance, as well as maintain the home and live in it as a primary residence, but a reverse mortgage can help in covering ...

Seniors over the age of 62 can take advantage of the Federal Housing Administration’s (FHA) Home Equity Conversion Mortgage (HECM) program to purchase a new home. This program uses a reverse mortgage ...

Ever wondered how much Ben Carson is worth, where he puts his money, and how much money he earns? Here you go. His hearing is today for the HUD spot. "...it's difficult for a child to learn at school ...

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 ...

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The plan helps senior homeowners with FHA-insured HECMs who are behind on required property charge payments due to effects of the COVID-19 pandemic.