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Mutual Mortgage Insurance Fund

HUD is auctioning off 1,600 HECMs — with more to come

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The U.S. Department of Housing and Urban Development (HUD) is cleaning up its books and auctioning off roughly $444 million in reverse mortgages on Wednesday to reduce the risk to its Mutual Mortgage Insurance (MMI) Fund. The sale includes about 1,600 Home Equity Conversion Mortgages (HECMs) tied to vacant single-family homes where the borrowers are […]

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HUD is light on reverse mortgage detail in budget justifications

Congress, Government Lending, HECM, HUD, HWmember, Mutual Mortgage Insurance Fund, Reverse, White House /

Following the release of the president’s fiscal year 2026 “skinny” budget request — and a look at the White House’s performance expectations for the Home Equity Conversion Mortgage (HECM) program — the U.S. Department of Housing and Urban Development (HUD) has released its congressional justifications document to explain the reasons for its appropriations requests. Normally,

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