I never thought I would be fascinated by a Presentation from the Governmnet, but the Reverse Mortgage Piece from HUD, published last Demeber really had me enthralled. I found it through Reverse Mortgage Insight and here is the link:

http://rminsight.net/blog/wp-content/uploads/2009/08/hud-szymanoski-cushman-hecm-finance11-30-08.ppt

It's 44 pages long and a little technical at times, but in it you will learn:

HUD's role in The Home Equity Conversion Mortgage (HECM -This is the FHA Reverse Mortgage Process - Page 3

How the Government may take losses and that as of December of last year- the governmnet has not only taken no losses on the HECM program, but is actually taking more premiums than forecasted losses. Pgs 4-6 14-15

How Reverse Mortgage loan amounts are determined. Pgs 8-11

Why long term losses are more tied to the Real Estate market than anything else. Pgs 16-17

What happens to Reverse Mortgages in the Secondary Market. Pgs 16-43

What an Interest rate swap is. Page 27

I really learned a lot and anyoen with a basic understanding of how Reverse Mortgages work should also find it educational