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Home Equity Conversion Mortgage (HECM) Archival Credit Data History

Through the Federal Housing Administration, HUD insures HECM loans, also known as reverse mortgages. Through this program, elderly homeowners are able to borrow against the value of their home equity to support their financial needs with no requirement to repay the loan until the borrower is deceased or the home is sold. As HUD’s HECM program has grown, HUD has come to recognize the value of enabling government, academic, and other researchers to study the impact and performance of this unique loan product. Econometrica prepared usable and reliable HECM loan data files that HUD could make available for research purposes without compromising personally identifiable information contained in the source data files.