WASHINGTON - More seniors than ever before are reaping the benefits of reserve mortgages to enjoy their golden years. New data from HUD reveals that m

Reverse Mortgages: More Than 300,000 Seniors Benefiting From HUD Reverse Mortgages WASHINGTON - More seniors than ever before are reaping the benefits of reserve mortgages to enjoy their golden years. New data from HUD reveals that more than 300,000 seniors have used the federally-insured Home Equity Conversion Mortgage (HECM) loan program to convert the equity in their home into cash without having to move.