Galen Elise Call, CRMP. Certified Reverse Mortgage Professional Monterey California

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CRMP

Is a reverse mortgage right for you?

Get the facts from a qualified reverse mortgage specialist.

Who Might Benefit from Knowing More About Reverse Mortgages?
• Seniors looking to improve cash flow.
• Adult Children looking to help their parents age in place.
• Trusted Advisors wanting to protect their clients’ interest.
• Realtors wanting to help seniors purchase a new home.

Galen Call Reverse Mortgage Specialist

Galen Elise Call, CRMP

Certified Reverse Mortgage Professional
NMLS 226129

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galencall September 3, 2013

Should Government Support HECM Reverse Mortgages?

An article by Jack Guttentag August 27, 2013

The Home Equity Conversion Mortgage (HECM) program is a Government-supported reverse mortgage program for elderly homeowners. The program allows seniors to take a mortgage on their home under which they can draw funds in a variety of ways – upfront, monthly or intermittently as they choose – with no repayment obligation so long as they reside in their home.  

The HECM program would not exist without Federal Government support. The lenders who advance funds to the seniors are guaranteed repayment by the FHA while virtually all of the HECMs that are written are securitized, with the securities guaranteed by GNMA. In an environment of severe budgetary stringency, a question arises as to whether this program is worthy of Federal Government support? Some legislators think not and several House Republicans have introduced legislation that would kill the program.  read more

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GALEN ELISE CALL, CRMP


Certified Reverse Mortgage Professional

Call Today: 831-645-1164
gcall@apmortgage.com

NMLS #226129 | DRE #00908338
APMC DRE #01215943 | APMC NMLS #1850

APM Reverse Mortgage Group

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Licensed by the Department of Corporations under the California Residential Mortgage Lending Act

Licensed by the Department of Financial Protection and Innovation under the CRMLA

California zip codes served: 93940, 93901, 93905, 93908, 93921, 93933, 93943, 93950, 93953, 93955, and 93962

Not available in New York.

Copyright © 2025 American Pacific Mortgage Corporation. For informational purposes only. No guarantee of accuracy is expressed or implied. Programs shown may not include all options or pricing structures. Rates, terms, programs and underwriting policies are subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans are subject to underwriting approval. Some products may not be available in all states and restrictions may apply. Equal Housing Opportunity.

3000 Lava Ridge Ct. Suite 103
Roseville, GA 95661

Branch NMLS #150590

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