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FHA's Home Equity Conversion Mortgage ( HECM ) program primarily protects lenders participating in their reverse mortgage program from Mortality risk Prepayment risk Default risk

FHA's Home Equity Conversion Mortgage

(

HECM

)

program primarily protects lenders

participating in their reverse mortgage program from

Mortality risk

Prepayment risk

Default risk

Refinancing risk

Rollover risk

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