​

"Fifteen executive departments — each led by an appointed member of the President's Cabinet — carry out the day-to-day administration of the federal government." The responsibility of each appointed member is to "advise President [Obama] on any subject he may require relating to the duties of each member's respective office."

HUD (Housing and Urban Development), one of the executive departments that advises President Obama, announced on December 2, 2011 the extension of the $625,500 limit for Home Equity Conversion Mortgages (HECM), which are better know as Reverse Mortgages, through calendar year 2012.w you.