Home Equity Conversion Mortgages for Lenders (HECMs)

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

  • December 14, 2018, Mortgagee Letter 2018-12, announced the 2019 Home Equity Conversion Mortgage (HECM) maximum claim amount limit. The new limit is effective for all HECM originations with case numbers assigned on or after January 1, 2019.

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