All reverse mortgageswhether the government-insured Home Equity Conversion Mortgage or a conventional productshare a set of common characteristics, which include the following:

The Home Equity Conversion Mortgage (HECM) is the oldest and most popular reverse mortgage product, accounting for an estimated 90 percent of the total market. Available since 1989, HECMs are insured by the federal government through the Federal...

Headquartered in Washington, DC, Fannie Mae is the nation's largest investor of home mortgages and a major investor of reverse mortgages, including the federally insured Home Equity Conversion Mortgage (HECM).In 1996, Fannie Mae developed its own...

More lenders now offer "conventional" reverse mortgages that are not insured by the federal government, but feature many of the same important consumer protections, including mandatory counseling and asset protection (referring to the non-recourse...

Created from a seniors perspective, a CHIP Reverse Mortgage is a unique home equity borrowing opportunity for homeowners in Canada who are age 62 and older. Senior homeowners can access up to $500,000 tax-free with no payments required on the loan...