Sentence examples for equity conversion from inspiring English sources
The loans, which the Federal Housing Administration guarantees against default, are also known as home equity conversion mortgages.
Borrowers last year took out nearly 86,000 Federal Housing Administration home equity conversion mortgages, the dominant reverse mortgage product, compared with just 48,500 in 2005.
Reverse mortgages — otherwise known as home equity conversion mortgages — are an increasingly popular way for older people to remain in their homes unencumbered by monthly mortgage payments.
Reverse mortgages, which are offered through the home equity conversion mortgage (HECM) program run by the Federal Housing Administration, an arm of HUD, had previously been available only for refinance transactions.
An overwhelming majority of reverse mortgages are insured by the Department of Housing and Urban Development's Federal Housing Administration arm, through its "home equity conversion mortgage," or H.E.C.M, program.
Borrowers who are now contemplating what is called a HECM (pronounced HECK-um) Standard (for home equity conversion mortgage) reverse mortgage should know that it could disappear in the fall.
The men also diverted payouts and equity conversions owed to BNP Paribas from troubled companies that were being restructured.
The increase does not apply to F.H.A. loans already in place, or to F.H.A. reverse mortgages or home-equity conversion (HECM) loans.
THE LENDERS The sole financing source right now is the Federal Housing Administration, an arm of HUD, which makes the loans through its home-equity conversion mortgage program, or HECM, pronounced "HECK-em".
Such a "European Treuhand (Trust Agencyy" would offer a "debt-for-equity conversion" that could repair the public finances of the euro zone's bailed-out states, reduce North-South current account imbalances in the 17-nation currency area and generate investment in Europe's periphery.
In a worst-case scenario, you would find yourself losing part of your ownership through a debt-to-equity conversion mechanism, or in the default of your business.
