Last Friday U.S. Department of Housing and Urban Development approved the use of LIBOR Indexes for all FHA Arms and HECM products.  HUD felt the change was necessary because LIBOR is both an international index determined on the basis of the world economy and an index that has become very popular in the secondary market.  It […]

The Expanded Home Ownership Act of 2007 H.R. 1852 was introduced by Maxine Waters and Barney Frank on March 29th.  If passed relatively intact it could make some interesting changes to the HECM program.  Along with other changes the bill proposes allowing a HECM to be used to fund the purchase of a new primary residence (1-4 […]

So who is the top HECM lender in 2007?  According to Reverse Mortgage Info.com it’s Wells Fargo.  To see the full list of the top HECM lenders check out the post below
Top Home Equity Conversion Mortgage Lenders - Through February 2007
I also encourage you to check out the HECM Data portion of the website […]