is $484,350, according to the Federal Housing Finance Agency. federal government insures reverse home loans through a program called the HECM (Home Equity Conversion Mortgage). is $484,350, according to the Federal Housing Finance Agency.
Much of Europe has home ownership rates comparable to the United States, yet overall default rates are reduced in Europe than in the United States. Home loan funding depends much less on securitizing home loans and even more on formal federal government assurances backed by protected bonds (such as the Pfandbriefe) and deposits, other than Denmark and Germany where asset-backed safeties are likewise common.