HUD Secretary Gives HECM Update to Senate, House HECM Hearing Nears

On the heels of a housing proposal including major reverse mortgage program overhauls, HUD Secretary Dr. Ben Carson stressed the Home Equity Conversion Mortgage issues in prepared remarks Tuesday. This, as the House of Representatives prepares to convene a hearing later this month specifically centered on the HECM program. Carson’s remarks, prepared for a Senate […]

Reverse Mortgage Industry Cautious About Trump HECM Proposals

Late last week, the United States Department of the Treasury under the direction of President Donald J. Trump unveiled a new series of proposals aimed at improving the nation’s housing finance system, including a number of proposed changes to the Home Equity Conversion Mortgage (HECM) program. While the housing industry largely applauded the proposed changes, […]

Trump Housing Reform Plan Calls for HECM Program Improvements

Following up on a directive to reform and streamline housing finance made by President Donald J. Trump in a March memorandum, the United States Department of the Treasury has submitted its housing finance reform plan to the president for his approval, which includes specific proposals to streamline the Home Equity Conversion Mortgage (HECM) program. Aspects […]