The FHA Home Equity Conversion Mortgage Insurance Demonstration: A Model to Calculate Borrower Payments and Insurance Risk
The HECM at 20 Series ... A principal architect of HECM
Tue, 2009-11-03 11:20 — Atare E. Agbamu
On Feb. 5, 1988, President Ronald Reagan signed reverse mortgage insurance legislation, and it became the task of the U.S. Department of Housing & Urban Development (HUD) to create a marketable product out of the law. There were no models. So, HUD put a product-design team together. Edward J. Szymanoski, an Associate Deputy Assistant Secretary for Economic Affairs at HUD’s Office of Policy Development and Research, was a vital member of that pioneering product-development team.Read more
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