Home Equity Conversion Mortgages for Lenders (HECMs)

The Federal Housing Administration (FHA) published a Mortgagee Letter that provides HECM policy changes and implementation guidelines:

  • September 28, 2018, Mortgagee Letter 2018-06 announced changes to the appraisal requirements for the Federal Housing Administration's (FHA) Home Equity Conversion Mortgage (HECM) program. These changes are affective for all HECM originations with case numbers assigned on and after October 1, 2018, through September 20, 2019.
 

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