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HECM

   Also found in: Financial 0.01 sec.
AcronymDefinition
HECMHome Equity Conversion Mortgage
HECMHigher Education Carbon Management (various universities; UK)
HECMHamster Embryo Culture Medium
HECMHuman Epithelial Cell-Conditioned Media


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As a federal program, HECM reverse mortgages exploded in scope and availability with the passage of financial stimulus legislation in 2008 and 2009.
Even with substantially reduced housing equity, future demand for the HECM program is virtually guaranteed, simply given the sheer size of the baby-boom generation.
The HECM or Home Equity Conversion Mortgage is a loan program offered by the HUD to allow homeowners to turn their equity into cash.
 
 
 
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