Reverse Mortgage ReportsWhat are HECM MIC Reports? HECM stands for Home Equity Conversion Mortgage. HECMs are federally insured reverse mortgages and are the most popular type of reverse mortgage. MIC stands for Mortgage Insurance Certificate (MIC), a U.S. Department of Housing and Urban Development form (HUD-59100.1) which provides evidence of HUD mortgage insurance. The MIC is an important legal document which should be as accurate as possible. Its primary function is to identify the loan which was insured. MIC reports The U.S Department of Housing and Urban Development publishes monthly reports detailing the HECM loans endorsed throughout the U.S. by various lenders. In addition, the free HECM MIC report database tool below allows users to search and report on HECM loan details as far back as September 2001. |