General World News

HECM study examines borrower trends over two decades

A study commissioned by the U.S. Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period.

The study, released late last year, examined three core elements of HECM program effectiveness between 2000 and 2020. It was conducted by analytics firm SP Group LLC and its subcontractor Econometrica Inc.

RMD already examined the study’s section on various HECM policy implementations during that time, but the report also details ⇒

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