HighTechLending, Inc. NMLS # 7147

HECM Reverse Mortgage fees have dropped

The Home Equity Conversion Mortgage (HECM Reverse Mortgage) program was signed into law by President Reagan in February 1988.  Prior to this date, this was a bank run program and they had the power to foreclose on homeowners if they ran out of equity.  Unfortunately, some seniors ended up homeless…