In May of 2000, HUD released a comprehensive, 148-page evaluation of the federally-insured Home Equity Conversion Mortgage (HECM) program. This analysis
- Reviews the program’s history and design
- Profiles the program’s borrower, properties, and loans
- Evaluates participation by the financial community
- Discusses the program’s counseling program
- Reports on borrower feedback
- Investigates legal and regulatory issues
- Analyzes the program’s risk pool
- Discusses data needs & actuarial assumptions
You can get this – and all subsequent HUD HECM analyses –
HERE.