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Home » Store » News » HECM Lending Drops; Program Changes Continue

HECM Lending Drops; Program Changes Continue

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Home-equity conversion mortgage lending fell again in the second quarter of this year, as the Department of Housing and Urban Development continues to tweak guidelines to ensure the soundness and stability of the HECM product. After hitting a record high of $8.4 billion in the third quarter of 2009, HECM production has declined steadily... [Includes one chart and one graph]
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