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archie14p · Joined: 16 Aug 2009 Posts: 66 0.29 Dollars($)

What kind of a reverse mortgage Fannie Mae offers?

jenkin7 · Posted: Thu Aug 20, 2009 12:13 am Post subject:

Hi archie,

The reverse mortgage program that Fannie Mae offers is known as Fannie Mae Home Keeper reverse mortgage. It is same as the Home Equity Conversion Mortgage which is insured by FHA. Borrowers have the option of receiving the payment either in lump sum or in regular monthly payments. Borrowers are not required to pay the loan amount back until they leave the property or sell it off.

raymond · Posted: Sat Oct 10, 2009 12:04 pm Post subject:

Fannie Mae doesn't offer any Reverse Mortgage program anymore. They used to offer the Homekeeper, but that program ended on December 31, 2008.

leeelliot61 · Joined: 13 Sep 2009 Posts: 188 0.01 Dollars($)

There are two options for a reverse mortgage Fannie Mae offers to consumers:

the Fannie Mae Home Keeper reverse mortgage program
the HUD-insured Home Equity Conversion Mortgage

gmakerley · Posted: Mon Oct 12, 2009 7:24 am Post subject:

let's get on the same wavelength here, people. if fannie mae did away with its reverse mortgage program, that means they don't offer it anymore.

reverse mortgage loans are only available with the fha product.

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