Who is in charge of reverse mortgages, FHA or HUD?

I've seen both FHA and HUD referred to when people are discussing reverse mortgages. Are they the organizations in charge of reverse mortgages? What does FHA and HUD mean?
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American Advisors Group | Phil Scott
HUD stands for US Department of Housing and Urban Development. HUD is the federal department that administers federal programs dealing with better housing and urban renewal. FHA stands for Federal Housing Administration. The FHA launched the reverse mortgage program, which enables you to withdraw some of the equity in your home. You may also come across the term HECM, which stands for Home Equity Conversion Mortgage. AAG offers FHA-insured HECMs, more commonly known as a reverse mortgage. AAG is a leader in the reverse mortgage industry, so call us today to lean more about how we can help you.

To receive your copy of our educational DVD, featuring Former Senator Fred Thompson, simply call the number provided or fill in the online form. You'll receive a pack which includes a step-by-step brochure and the DVD. We hope to hear from you soon.

Disclaimer: The response above is not intended to be anything other than the educated opinion of the author. It should not be relied upon as financial advice. America Advisors Group recommends speaking directly with an AAG Reverse Mortgage Professional regarding your specific situation and needs. Please call 1 (800) 466-0572 to receive AAG's information pack with a FREE DVD and Brochure featuring Former Senator Fred Thompson.
Replied: 4/5/2011

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