Others titles
- Home Equity Conversion Mortgage 2017
- Home Equity Conversion Mortgage Date 2017
Keywords
- Home Equity Conversion Mortgage
- Single Family Portfolio Snapshot
- Federal Housing Administration HECM
- HECM
- Reverse Mortgage
- HECM Loan
- Reverse Mortgage Info
- Reverse Mortgage Loan
- Reverse Mortgage Lenders
- Reverse Mortgage Interest Rates
HECM Single Family Portfolio Snapshot
This dataset shows the HECM (Home Equity Conversion Mortgage) Single Family Portfolio Snapshot. The Home Equity Conversion Mortgage (HECM) is Federal Housing Administration’s (FHA) reverse mortgage program which enables families to withdraw some of the equity in their homes.
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Description
The Federal Housing Administration’s HECM program is the only government-insured reverse mortgage program. The HECM program guarantees that the lender will meet its payment obligations to the homeowner, limits the borrower’s loan origination costs and ensures full repayment of the loan balance to the lender up to the maximum claim amount. Families can choose how they want to withdraw their funds, whether in a fixed monthly amount or a line of credit or a combination of both.
About this Dataset
Data Info
Date Created | 2017-10-01 |
---|---|
Last Modified | 2023-06-10 |
Version | 2024-04-30 |
Update Frequency |
Quarterly |
Temporal Coverage |
2023 |
Spatial Coverage |
United States |
Source | John Snow Labs; U.S. Department of Housing and Urban Development Secretary Ben Carson; |
Source License URL | |
Source License Requirements |
N/A |
Source Citation |
N/A |
Keywords | Home Equity Conversion Mortgage, Single Family Portfolio Snapshot, Federal Housing Administration HECM, HECM, Reverse Mortgage, HECM Loan, Reverse Mortgage Info, Reverse Mortgage Loan, Reverse Mortgage Lenders, Reverse Mortgage Interest Rates |
Other Titles | Home Equity Conversion Mortgage 2017, Home Equity Conversion Mortgage Date 2017 |
Data Fields
Name | Description | Type | Constraints |
---|---|---|---|
State_Abbreviation | The official alphabetic 2-character US Postal Service state abbreviation for the property local associated with an FHA Mortgage Insurance application. | string | - |
County | Current County Name, blank if address does not geocode using Census 2000. | string | - |
City | City in which the insured property is located. | string | - |
Zip_Code | Postal zip code where the property is located. | integer | level : Nominal |
Originating_Mortgagee_Sponsor | Name of the originating lender. | string | - |
Originating_Mortgagee_Number | Identifies the parent company of the lender that originated the loan. This 5-digit number remains unchanged even after the loan has been sold a number of times | integer | level : Nominal |
Sponsor_Name | Mortgagee sponsoring the loan or mortgage for the originator. Sponsor Mortgagee underwrites the loan and decides whether the borrower represents an acceptable credit risk for HUD. | string | - |
Sponsor_Number | The 5-digit lender identification number of the parent company which is the sponsoring financial institution with direct endorsement approval. | integer | level : Nominal |
Sponsor_Originator | Name of the sponsored originator (may be either non-FHA approved or FHA-approved) that is originating loans for FHA-approved sponsoring lenders. | string | - |
Current_Servicer_ID | Service Identification Number | integer | level : Nominal |
Previous_Servicer | Previous Service Identification Number | integer | level : Nominal |
HECM_Type | Type of Home Equity Conversion Mortgage | string | - |
Rate_Type | Rate Type (Adjustable, Fix) | string | - |
Interest_Rate | The Interest rate charged annually by the mortgagee, in accordance with the mortgage note of deed of trust note Rate is established at the time of Firm Commitment. | number | level : Ratio |
Initial_Principal_Limit | The initial principal limit established on the loan at closing. It is the present value of loan proceeds that are available to the borrower. | number | level : Ratio |
Maximum_Claim_Amount | The maximum claim amount insured for each loan. | integer | level : Ratio |
Data Preview
State Abbreviation | County | City | Zip Code | Originating Mortgagee Sponsor | Originating Mortgagee Number | Sponsor Name | Sponsor Number | Sponsor Originator | Current Servicer ID | Previous Servicer | HECM Type | Rate Type | Interest Rate | Initial Principal Limit | Maximum Claim Amount |
AL | BALDWIN | ELBERTA | 36530 | SOUTH RIVER MORTGAGE, LLC | OPEN MORTGAGE LLC | 21548.0 | SOUTH RIVER MORTGAGE, LLC | 2154800002 | Hecm for Refinance | Adjustable | 6.745 | 163590 | 287000 | ||
AL | JEFFERSON | BIRMINGHAM | 35215 | MUTUAL OF OMAHA MORTGAGE, INC. | 31215.0 | 1142500001 | 3121500003.0 | Hecm Traditional | Adjustable | 6.34 | 68850 | 135000 | |||
AL | JEFFERSON | BIRMINGHAM | 35226 | SOUTH RIVER MORTGAGE, LLC | OPEN MORTGAGE LLC | 21548.0 | SOUTH RIVER MORTGAGE, LLC | 3027509990 | 2154800002.0 | Hecm Traditional | Adjustable | 7.665 | 154176 | 352000 | |
AL | JEFFERSON | IRONDALE | 35210 | CLICK N' CLOSE, INC. | 3132.0 | 1142500001 | 3813210282.0 | Hecm Traditional | Adjustable | 6.34 | 85950 | 225000 | |||
AL | JEFFERSON | LEEDS | 35094 | MCGOWIN KING MORTGAGE, LLC. | LONGBRIDGE FINANCIAL LLC | 31169.0 | MCGOWIN KING MORTGAGE, LLC. | 1142500001 | 3116900000.0 | Hecm Traditional | Adjustable | 7.04 | 120696 | 282000 | |
AL | JEFFERSON | VESTAVIA | 35216 | PHH MORTGAGE CORPORATION | 30275.0 | 3027509990 | 3027510460.0 | Hecm Traditional | Adjustable | 6.455 | 326482 | 754000 | |||
AL | LEE | OPELIKA | 36801 | CHERRY CREEK MORTGAGE, LLC | 71075.0 | 1142500001 | 7107500771.0 | Hecm Traditional | Adjustable | 7.325 | 135456 | 249000 | |||
AL | MADISON | HUNTSVILLE | 35802 | TOTAL MEDIA MANAGEMENT LLC | 31230.0 | 1142500001 | 3123000001.0 | Hecm for Purchase | Adjustable | 7.185 | 102720 | 240000 | |||
AL | TALLADEGA | SYLACAUGA | 35151 | LONGBRIDGE FINANCIAL LLC | 31169.0 | 1142500001 | 3116900046.0 | Hecm Traditional | Adjustable | 6.52 | 288606 | 618000 | |||
AL | TUSCALOOSA | BROOKWOOD | 35444 | MUTUAL OF OMAHA MORTGAGE, INC. | 31215.0 | 1142500001 | 3121500003.0 | Hecm Traditional | Adjustable | 7.21 | 98946 | 239000 |