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The Math Behind the HECM

The Math Behind the HECM
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Agenda topics:

  • Interest rates
    • Expected rates and look up floor
    • Note rates
  • Principal limit factors
  • Initial distribution limit
  • Amortization schedule
  • TALC
  • Loan growth
    • Line of credit
    • Expected rate
    • Initial rate+
    • Yield curve
  • Partial repayments
  • Monthly statements

NOTE: THIS COURSE IS NOT APPROVED FOR CRMP CREDIT. 

Course Content

Published by

Darryl Hicks

Darryl Hicks is Vice President of Communications for the National Reverse Mortgage Lenders Association. In this capacity, Hicks writes for NRMLA's publications, manages the association's web sites and social media accounts, assists committees and the Board of Directors, and manages the Certified Reverse Mortgage Professional designation. Prior to joining NRMLA in 1999, Hicks spent three years in the Washington, D.C. bureau for National Mortgage News.