HECM Program definition

HECM Program means the Home Equity Conversion Mortgage program administered by FHA.
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HECM Program. The HUD Home Equity Conversion Mortgage Program.
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HECM Program. The HUD Home Equity Conversion Mortgage program. HMBS: A home equity conversion mortgage-backed security. HOEPA: The Home Ownership and Equity Protection Act of 1994, as amended. HUD: The United States Department of Housing and Urban Development or any successor thereto. HUD Handbook: The HUD Home Equity Conversion Mortgage Handbook 4235.1 Rev-1 and any subsequent revisions thereto.
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Examples of HECM Program in a sentence

  • Counselors are also advised to give clients the brochure entitled “Using a Reverse Mortgage to Buy an Annuity.” More detailed information about HECM loans and annuity combinations is contained the HECM Program Protocol, Appendix 4.

  • Q: Will FHA insure HECMs during the government shutdown?A: No, FHA does not have the authority to insure additional HECMs during this period due to the statutory cap limiting the number of HECMs under the HECM Program.

  • P3 – JUNIOR FLORICULTURE – IN THE DANCE HALLCourtney Wright, Superintendent - 618-401-7225 • Patti Reckmann & Bethany Reckmann, Asst.

  • U.S. Department of Housing and Urban Development, Mortgagee Letter 2014-21, Revised Changes to the Home Equity Conversion Mortgage (HECM) Program Requirements, November 10, 2014, p.

  • Aging held a hearing on the issue of home equity conversion,94 and later released an informational report about options for converting home equity into income.95 The HECM Program from 1988 to 2000Legislation to enact a home equity conversion mortgage program was introduced in the 98th and 99th Congresses, but no laws were enacted.96 In the subsequent Congress, in 1988, the HECM program was enacted as a demonstration, the Home Equity Conversion Mortgage Insurance Demonstration (P.L. 100-242).

  • How Did the HECM Program Come About?While reverse mortgages were made privately on a small scale starting in the 1970s,90 the initial federal government involvement occurred as a one-time grant through the Administration on Aging (AoA), within the Department of Health and Human Services, called the Home Equity Conversion Project.

  • Borrower: A person who has received a loan in connection with the HECM Program.

  • Program Design Under the HECM Program, elderly homeowners assume a reverse mortgage secured by the equity in their home.

  • The instructions below relate to completing the Addendum for the HECM Program.

  • Refinancing Premium, National Loan Limit, and Long-Term Care Premium Waiver for FHA’s HECM Program: A Report to Congress.

Related to HECM Program

  • Custom program means a computer program which is specifically designed and developed only for

  • O&M Program is defined in Section 18(a).

  • AML Program has the meaning ascribed thereto in Schedule 2.1(F)(8) hereof.

  • Program means the statutorily authorized activities of the System Agency under which this Contract has been awarded.

  • CRAF Program means the Civil Reserve Air Fleet Program authorized under 10 U.S.C. Section 9511 et seq. or any similar or substitute program under the laws of the United States.

  • Flood Program means the National Flood Insurance Program created by the U.S. Congress pursuant to the National Flood Insurance Act of 1968, the Flood Disaster Protection Act of 1973, the National Flood Insurance Reform Act of 1994 and the Flood Insurance Reform Act of 2004, in each case as amended from time to time, and any successor statutes.

  • Education program means any program that is principally engaged in the provision of education, including, but not limited to, early childhood education, elementary and secondary education, postsecondary education, special education, job training, career and technical education and adult education, and any program that is administered by an educational agency or institution.

  • Program Manual means the United States Department of Agriculture, Animal and Plant Health Inspection Service, Plant Protection and Quarantine, Gypsy Moth Program Manual, 1994 edition.

  • Marketing program means a program established by order of the director pursuant to this act prescribing rules and regulations governing the marketing for processing, distributing, selling, or handling an agricultural commodity produced in this state or agricultural commodity input during a specified period and

  • Loan Program means the State Treasurer’s Interest-Free Loan Program for Colorado School Districts authorized pursuant to the Loan Program Statutes.

  • Educational program means a program for educating and preparing physician assistants which is approved by the board.

  • Pilot program means a program using a representative sample of residential and small commercial customers to assist in developing and offering customer choice of electricity supply for all residential and commercial customers.

  • E-Verify Program above means the employment verification program administered by the United States Department of Homeland Security, the Social Security Administration, or any successor program.

  • Apprenticeship program means a program registered with the U.S. Department of Labor, Office of Apprenticeship, which includes terms and conditions for the qualification, recruitment, selection, employment, and training of apprentices, including the requirement for a written apprenticeship agreement.

  • Cooperative education program means a written voluntary agreement between and among districts to provide certain educational programs for pupils in certain groups of districts. The written agreement shall be approved by all affected districts at least annually and shall specify the educational programs to be provided and the estimated number of pupils from each district who will participate in the educational programs.

  • Development Program means the implementation of the development plan.

  • (3) PROGRAM.—The term program’ means

  • Quality Assurance Program means the overall quality program and associated activities including the Department’s Quality Assurance, Design-Builder Quality Control, the Contract’s quality requirements for design and construction to assure compliance with Department Specifications and procedures.

  • Collaborative pharmacy practice agreement means a written and signed

  • Individualized education program or “IEP” means a written statement for a child with a disability as defined in 14 DE Admin. Code 922.

  • Program Plan means the tobacco settlement program plan dated February 14, 2001, including exhibits to the program plan, submitted by the authority to the legislative council and the executive council, to provide the state with a secure and stable source of funding for the purposes designated by section 12E.3A and other provisions of this chapter.

  • the Programme means the Government programme for delivery of smart metering in Great Britain. The Programme is responsible for overseeing the development and implementation of policy, including establishing the commercial and regulatory framework to facilitate the roll-out;

  • Training program means an NCA-approved Iowa college, the Iowa law enforcement academy or an Iowa hospital approved by the department to conduct emergency medical care training.

  • Prescription monitoring program means the electronic system within the Department of Health Professions that monitors the dispensing of certain controlled substances.

  • Dependent care assistance program means a benefit plan

  • Individualized Education Program (IEP means a written statement for a student with a disability that is developed, reviewed, and revised in accordance with the Utah Special Education Rules and Part B of the Individuals with Disabilities Education Act (IDEA).