Impact of the economic crisis on the HECM program

  • Print
  • Connect
  • Email
  • Facebook
  • Twitter
  • LinkedIn
  • Google+
By Jonathan B. Glowacki | 08 January 2010

Equity Conversion Mortgages (HECMs) account for some 90% of the reverse-mortgage market, which means that nearly all reverse-mortgage risk lies with the federal government. This article examines how recent declines in home prices have affected the value of the reverse-mortgage guarantee provided by the U.S. Department of Housing and Urban Development on HECM loans.



Read or print the article