A Major Site Upgrade With Fantastic New Features Coming on March 15, 2022
I am very pleased to announce an enhanced MyHECM.com that will offer new features to help connect seniors, their advisors, and their families with the…
Category: HECM Reverse Mortgage Industry Info
Reverse mortgage industry information and news and how it impacts the HECM reverse mortgage, lenders, and borrowers.
A Few Changes for the HECM and Some Big Changes for MyHECM.com in 2022
Happy New Year! I sincerely hope that 2022 finds you well! In life, things are always changing, are they not? It’s no different in the…
New HECM Reverse Mortgage Lending Limit and Index for 2021
Happy New Year! The year 2020 was one of the more tumultuous years in recent memory, was it not? We sincerely hope that the new…
The Two Benefits of Falling Interest Rates That May Surprise Reverse Mortgage Borrowers
It’s a crazy world out there right now. Entire nations locked down, people confined to their homes, the stock market crashing (then rebounding), businesses shut…
HECM Lending Limit Increase for 2020 Impacts Reverse Mortgage Proceeds and Costs
FHA has increased the HECM lending limit to $765,600 for HECMs with case numbers assigned on or after January 1, 2020. This is the fourth…
Newly Increased HECM Lending Limit to Take Effect in January
Many seniors will soon have significantly more cash available through a HECM reverse mortgage. As of January 1, 2019, the HECM lending limit will be…
FHA Rolls Out New Changes to the HECM Reverse Mortgage
If there’s one constant in the reverse mortgage industry, it’s change. FHA has once again made some significant tweaks to the HECM program to make…
How Many Reverse Mortgages Are Done Each Year?
The reverse mortgage industry is a relatively small niche of the broader mortgage industry. Though many mortgage lenders offer HECM reverse mortgages (the dominant product in…