HECM Mortgagee Letters
The mortgagee letters listed on this page update the policies in HUD Handbook 4235.1. All Mortgagee Letters are available online
- 2019-17 Home Equity Conversion Mortgage (HECM) Program – Condominium Requirements
- 2019-16 Home Equity Conversion Mortgage (HECM) Program – Continuation of HECM Collateral Asset Requirements
- 2019-15 Updates to Mortgagee Optional Election (MOE) Assignment for Home Equity Conversion Mortgages (HECMs) with FHA Case Numbers Assigned Prior to August 4, 2014
- 2019-01 Mortgagee Letter 2019-01 Third Party Verification Services
- 2018-12 2019 Nationwide Home Equity Conversion Mortgage (HECM) Limits
- 2018-08 Updated Guidance on Home Equity Conversion Mortgage (HECM) Claim Type 22 (CT-22) Assignment Requests
- 2018-06 Home Equity Conversion Mortgage (HECM) Program – Changes to Appraisal Submission and Assessment for all HECM Originations
- 2017-17 2018 Nationwide Home Equity Conversion Mortgage (HECM) Limits
- 2017-12 Home Equity Conversion Mortgage Program: Mortgage Insurance Premium Rate and Principal Limit Factors
- 2017-11 Implementation of HUD's January 2017 Home Equity Conversion Mortgage Final Rule
- 2017-05 Home Equity Conversion Mortgage (HECM) Claim Type 22 (CT-22) Assignment Requests
- 2016-19 2017 Nationwide Home Equity Conversion Mortgage (HECM) Limits
- 2016-16 Home Equity Conversion Mortgage Program: Source for 10-Year LIBOR Swap Rate
- 2016-10 Home Equity Conversion Mortgage (HECM) Program - Servicing Fee Set-Aside Growth Rate, Third Party Property Tax Verification Fees, and Financial Assessment and Property Charge Requirements
- 2016-07 Expanded Permissive Loss Mitigation for Home Equity Conversion Mortgages (HECMs) and Mortgagee's Optional Extension to Submitting a Due and Payable Request
- 2016-05 Additional Guidance related to Mortgagee Letter 2015-15, Mortgagee Optional Election (MOE) Assignment for Home Equity Conversion Mortgages (HECMs) with an FHA Case Number assigned prior to August 4, 2014
- 2016-03 Single Family Foreclosure Policy and Procedural Changes for HUD Title II Forward Mortgages and Reverse Mortgages
- 2016-02 Update of Preservation and Protection (P&P) Requirements and Cost Reimbursement Procedures for Title II Forward Mortgages and Home Equity Conversion Mortgages (HECMs)
- 2016-01 Additional Extension of Certain Timeframes in connection with Mortgagee Letter 2015-11 (Loss Mitigation Guidance for Home Equity Conversion Mortgages in Default due to Unpaid Property Charges) and Mortgagee Letter 2015-26
- 2015-29 2016 Nationwide Home Equity Conversion Mortgage (HECM) Limits
- 2015-26 Extension of Certain Timeframes in connection with Mortgagee Letter 2015-11, Loss Mitigation Guidance for Home Equity Conversion Mortgages (HECMs) in Default due to Unpaid Property Charges.
- 2015-24 Single Family Foreclosure Policy and Procedural Changes for HUD Title II Forward Mortgages and Reverse Mortgages
- 2015-15 Mortgagee Optional Election Assignment for Home Equity Conversion Mortgages (HECMs) with an FHA Case Number assigned prior to August 4, 2014
- 2015-12 Mortgagee Optional Election Assignment for Home Equity Conversion Mortgages (HECMs) with FHA Case Numbers assigned prior to August 4, 2014
- 2015-11 Loss Mitigation Guidance for Home Equity Conversion Mortgages (HECMs) in Default due to Unpaid Property Charges
- 2015-10 Home Equity Conversion Mortgage (HECM) Due and Payable Policies
- 2015-09 Home Equity Conversion Mortgage (HECM) Program - Life Expectancy Set-Aside Growth Rate and Clarification to Section 3.98 of the HECM Financial Assessment and Property Charge Guide
- 2015-06 Home Equity Conversion Mortgage (HECM) - Delay in Effective Date for Financial Assessment and Property Charge Funding Requirements for the Payment of Certain Property Charges
- 2015-02 Home Equity Conversion Mortgage (HECM) Program: Policy Guidance and Certifications for Eligible and Ineligible Non-Borrowing HECM Spouses and Seasoning Requirements Guidance
- 2014-22 HECM Financial Assessment and Property Charge Requirements
- 2014-21 Revised Changes to the HECM Program Requirements
- 2014-12 New HECM Principal Limit Factors
- 2014-11 HECM Limit on Insurability of Fixed Interest Rate Products
- 2014-10 HECM Prohibits Misleading or Deceptive Program Descriptions or Advertising and Prohibits Restriction of Mortgagor Freedom of Choice
- 2014-07 HECM Non-Borrowing Spouse
- 2013-45 Delay HECMS Eff Date for Financial Assessment / Funding Reqmts
- 2013-33 HECM Mand Oblig; Life Expect Set-Asides; Purch Trans;
- 2013-28 Financial Assessment and Property Charge Guide
- 2013-28 Attachment: Property Charge Guide
- 2013-27 Changes to the HECM Program Requirements
- 2013-02 Amended Late Request for Endorsement Procedures
- 2013-01 Consolidation of Pricing Options and PLFs for Fixed Interest Rates
- 2012-17 HERMIT System for HECM Loans
- 2011-39 Maximum Mortgage Limits
- 2011-31 Rev HUD 92902, Cert of HECM Counseling/Clarification of Guidance
- 2011-29 New Maximum Mortgage Limits: Effective October 1, 2011
- 2011-26 Intermediaries Included on the HECM Counselor List
- 2011-16 Recission of Borrower's Recourse
- 2011-09 Waiver of fees/activites on Certificate
- 2011-01 HECM Property Charge Loss Mitigation
- 2010-39 HUD-1 Settlement Stmt Closing Certification
- 2010-39 Attachment
- 2010-37 Provide a List of Counseling Agencies
- 2010-34 HECM Saver; MIP and PLFs
- 2010-22 Submission of Case Binder Documents
- 2010-22 Attachment
- 2010-07 HECM Loan Forms & Guidance
- 2010-07 Attachments: (Below)
- FannieMae Form 1009
- Home Equity Conversion Mortgage Loan Agreement
- Exhibit 1 - Payment Plan
- Exhibit 2 - Schedule of Closing Costs
- Exhibit 3 - Repair Rider
- 2009-49 Subordinate Liens
- 2009-47 Counseling Standardization & Roster
- 2009-44 Debenture Interest and Claim Filing Instructions
- 2009-34 Principal Limit Factors
- 2009-21 HECM Refinances
- 2009-11 HECM for Purchase Prog
- 2009-11 Attachment 1 Investment Examples
- 2009-10 Counseling Requirement
- 2009-07 Loan Limit Increases for FHA
- 2009-07 Attachment 1 Counties at the Ceiling
- 2009-07 Attachment 2 Counties between the Floor and Ceiling
- 2008-38 Clarifies Repayment & Terminations
- 2008-36 2009 Maximum Mortgage Limits
- 2008-35 HECM Mortgage Limits Effective Immed
- 2008-34 HECM Origination Fee - New Limits
- 2008-33 HECM for Purchase Program
- 2008-28 Prohibits Mortgagee Funded Counseling
- 2008-24 Requirements on Mortgage Originators
- 2008-14 Non FHA-Approved Mortgage Brokers
- 2008-12 Counseling Fee
- 2008-08 Fixed Interest Rate
- 2007-13 ARMs Addition of LIBOR Index
- 2007-08 Face-to-face Interviews
- 2007-06 Property Eligibility Requirements
- 2006-30 Mortgagee Approval Guidance on 4060.2 r2
- 2006-25 Counseling Requirements
- 2006-23 Elimination of Photo Identification Evidence
- 2006-22 Extension of Principal Limit Rate Lock
- 2006-20 Subordinate Liens & State & Local Court-Ordered Judgments & Judgment Liens
- 2006-07 Clarification of Mortgagee Letter 06-04 - Closing Costs
- 2006-06 Line of Credit Payment Option for Texas
- 2005-44 National HECM Counseling Network
- 2004-48 HECM Counseling Requirements Simplified
- 2004-39 Signature Reduction, Clarification of Required FHA Documents and Revised Instruction to "Residential Loan Application for Reverse Mortgages"
- 2004-27 Delayed Effective Date for Mortgagee Letter 2004-25 Instructions
- 2004-25 Clarification of counseling requirements
- 2004-22 Elimination of paper mortgage insurance certificates
- 2004-18 Refinancing Existing HECMs and Revision to the HECM Calculation Software
- 2003-22 Home Equity Conversion Mortgages (HECMs) -Procedural Guidance
- 2003-16 Home Equity Conversion Mortgage (HECM)-Interest Rate Lock-Ins
- 2002-12 Reinstatement of the Housing Counseling Notification Requirement
- 2001-18 CHUMS Programming Changes for HECM Processing
- 2001-16 Home Equity Conversion Mortgage Program (HECM) Servicing and Claim Issues
- 2000-34 HECMs in Texas (Supplement to Mortgagee Letter 00-09 dated March 8, 2000) and instructions on using HECM Mortgage Calculation Software (Supplement to Mortgagee Letter 99-36, dated December 10, 1999)
- 2000-10 Revisions to the Home Equity Conversion Mortgages (HECMs) Program
- 2000-09 Home Equity Conversion Mortgages (HECMs) in Texas
- 1999-36 Home Equity Conversion Mortgage Calculation Software
- 1999-02 Implementation of the Final Rule - HECM Consumer Protection Measures
- 1998-25 Optional New Loan Application Form
- 1998-03 Servicing Fee Cap Monthly Adjustable Loans
- 1997-38 Case Processing, System Issues, Coming Enhancements, Solving Roadblocks
- 1997-15 Implementation of Final Rule and Other Information
- 1996-15 Changes in Program Requirements
- 1995-54 Implementation of Direct Endorsement Program and New Disclosure Requirements on Reverse Mortgages to Consumers
- 1995-45 Lapse of Insuring Authority
- 1994-44 Claims Instructions for FHA-Insured Home Equity Conversion Mortgage
- 1993-22 Changes and Clarifications to HUD Handbook 4235.1
- 1991-01 Implementation of Certain Provisions of the 1990 Housing Legislation
- 1990-17 Changes and Amendments to HUD Handbook 4235.1
- 1988-38 Home Equity Conversion Mortgage Insurance Demonstration- Procedures for Applying for Reservations of Insurance Authority
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