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HUD HECM Home Equity Conversion Mortgage 3/31/2012 HUD Title I & Title II Lenders - Only Government Insured Reverse Mortgage Program - HECM guarantees Lender meet its payment obligations to homeowner, limits borrower's loan originaton costs, insures full repayment of loan balance to lender up to maximum CLAIM AMOUNT i.e. lesser of appraised value at origination or national HECM loan limt of $625,500. HECM is available as an annuity, line of credit or combination of the tow. The loan amount is based on borrower age, home value, and current interest rates. HECMS reverse mortgages are currently available and provide most attractive terms to both borrower and lender. US Mortgage aka PHH - Cendant - Realogy - EllieMae-APIEXCHANGE Asset Preservation Inc. - Stewart Title Guaranty Corp

HUD HECM Home Equity Conversion Mortgage 3/31/2012 HUD Title I & Title II Lenders - Only Government Insured Reverse Mortgage Program - HECM guarantees Lender meet its payment obligations to homeowner, limits borrower's loan originaton costs, insures full repayment of loan balance to lender up to maximum CLAIM AMOUNT i.e. lesser of appraised value at origination or national HECM loan limt of $625,500. HECM is available as an annuity, line of credit or combination of the tow. The loan amount is based on borrower age, home value, and current interest rates. HECMS reverse mortgages are currently available and provide most attractive terms to both borrower and lender. US Mortgage aka PHH - Cendant - Realogy - EllieMae-APIEXCHANGE Asset Preservation Inc. - Stewart Title Guaranty Corp

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Published by Mary Cochrane
Variable HUD Data Element Name Definition
Endorsement Month Endrsmnt_dt The month HUD endorses (issues certificate of insurance) for the loan and notifies the lender.
Endorsement Year Endrsmnt_dt The year HUD endorses (issues certificate of insurance) for the loan and notifies the lender.
Initial Principal Limit Init_prncpl_lmtThe initial principal limit established on the loan at closing. It is the present value of loan proceeds that are available to the borrower.
Interest Rate Int_rt 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.
Loan Type Rt_type Rate type for each loan. Values: F = Fixed; A = Annual Adjustable; and M = Monthly Adjustable.
Max_clm_amt Maximum Claim Amount The maximum claim amount insured for each loan.
NMLS Nmls_id Nationwide Mortgage Licensing System (NMLS) ID.
Originating Mortgagee Orgntng_mtgee_nm Name of the originating lender.
Originating Mortgagee mber Orgntng_mtgee5Identifies 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
Property City Prop_addr_city City in which the insured property is located.
Property County Curr_cnty_nmCurrent County Name, blank if address does not geocode using Census 2000.
Property State Prop_addr_st The official alphabetic 2-character US PostalService state abbreviation for the property local associated with an FHA Mortgage Insurance application.
Property Zip Prop_addr_zip_cd Postal zip code where the property is located.

Refinance Type rfnc_ind A derived indicator that reflects whether a refinance case is a Hecm to Hecm or a Purchase
Sponsor Naame Spnsr_mtgee_nm Mortgagee sponsoring the loan or mortgage for the originator. Sponsor Mortgagee underwrites the loan and decides whetherthe borrower represents an acceptable credit risk for HUD.
Sponsor Number Spnsr_mtgee5The 5-digit lender identification number of the parent company which is the sponsoring financial institution with direct endorsement approval.
Sponsored Originator Spnsrd_orgntttnr_nmName of the sponsored originator (may be either non-FHA approved or FHA-approved) that is originating loans for FHA-approved sponsoring lenders.
Standard/ Saver Hecm_saver_indThis field identifies the loan type as HECM Saver or HECM Standard.
Variable HUD Data Element Name Definition
Endorsement Month Endrsmnt_dt The month HUD endorses (issues certificate of insurance) for the loan and notifies the lender.
Endorsement Year Endrsmnt_dt The year HUD endorses (issues certificate of insurance) for the loan and notifies the lender.
Initial Principal Limit Init_prncpl_lmtThe initial principal limit established on the loan at closing. It is the present value of loan proceeds that are available to the borrower.
Interest Rate Int_rt 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.
Loan Type Rt_type Rate type for each loan. Values: F = Fixed; A = Annual Adjustable; and M = Monthly Adjustable.
Max_clm_amt Maximum Claim Amount The maximum claim amount insured for each loan.
NMLS Nmls_id Nationwide Mortgage Licensing System (NMLS) ID.
Originating Mortgagee Orgntng_mtgee_nm Name of the originating lender.
Originating Mortgagee mber Orgntng_mtgee5Identifies 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
Property City Prop_addr_city City in which the insured property is located.
Property County Curr_cnty_nmCurrent County Name, blank if address does not geocode using Census 2000.
Property State Prop_addr_st The official alphabetic 2-character US PostalService state abbreviation for the property local associated with an FHA Mortgage Insurance application.
Property Zip Prop_addr_zip_cd Postal zip code where the property is located.

Refinance Type rfnc_ind A derived indicator that reflects whether a refinance case is a Hecm to Hecm or a Purchase
Sponsor Naame Spnsr_mtgee_nm Mortgagee sponsoring the loan or mortgage for the originator. Sponsor Mortgagee underwrites the loan and decides whetherthe borrower represents an acceptable credit risk for HUD.
Sponsor Number Spnsr_mtgee5The 5-digit lender identification number of the parent company which is the sponsoring financial institution with direct endorsement approval.
Sponsored Originator Spnsrd_orgntttnr_nmName of the sponsored originator (may be either non-FHA approved or FHA-approved) that is originating loans for FHA-approved sponsoring lenders.
Standard/ Saver Hecm_saver_indThis field identifies the loan type as HECM Saver or HECM Standard.

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Published by: Mary Cochrane on Mar 03, 2013
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The Federal Housing Administration's HECM program is the only government-imortgage program. The HECM program guarantees that the lender will meet itsto the homeowner, limits the borrower's loan origination costs, and insures fullbalance to the lender up to the maximum claim amount, i.e. the lesser of the aporigination or the national HECM loan limit of $625,500. HECM is available as acredit, or combination of the two. The loan amount is based on borrower age,current interest rates. HECMSreversemortgages are currently available andmost attractive terms to both the borrower and the lender.
HECMHome Equity Conversion Mo
 
suredreversepayment obligationsrepayment of the loanraised value atannuity, line of ome value, andprovide the
tgage
 
Users may download and save the Data Records sheet as an Excel file.The
Report Generator
sheet consists of an Excel Pivot Table. This gives individual users someanalyze monthly trends on dimensions of interest to them. There are three choice dimensionson the Pivot Table, including: Property State, Property County, and Property City.Each Pivot Table selection variable has an associated drop-down menu that is accessed byclicking once on the associated arrow. Only single selections can be made from each menu.Thus, for example, users must choose one state or all states; one county or all counties.If a county is chosen that does not correspond with the selected state the result will be null valuSee Definitions page for detail on each data element.The HECM
Snapshot
consists of a monthly data records table and an Excel Pivot Table that canto quickly create new reports of interest to the user from the data records. The data records theare loan level data using all of the categorical variables highlighted on the pivot table.
Home Equity Con(HE
Department of Housing andOffice of Eval
March 3
NOTES