HUD Reverse Mortgage HECM Mortgagee Letters

HECM Mortgagee Letters

The mortgagee letters listed on this page update the policies in HUD Handbook 4235.1. All Mortgagee Letters are available online

2022-15 Update to Home Equity Conversion Mortgage (HECM) Program Requirements for Notice of Due and Payable Status
2022-11 Revised Appraisal Validity Periods
2022-04 Update to the Mandatory Use Date for the Federal Housing Administration (FHA) Catalyst: Electronic Appraisal Delivery (EAD) Module
2022-02 Technical Update to the Extension of the Deadlines for the First Legal Action and Reasonable Diligence Time Frame
2021-29 2022 Home Equity Conversion Mortgage (HECM) Limits
2021-27 Appraisal Fair Housing Compliance and Updated General Appraiser Requirements
2021-25 Federal Housing Administration's Financial Requirements for Mortgagee Eligibility - Update toUnacceptable Assets
2021-24 Extension for COVID-19 Forbearance and COVID-19 Home Equity Conversion Mortgage (HECM) Extensions
2021-23 Mandatory Transition to the Federal Housing Administration (FHA) Catalyst: Electronic Appraisal Delivery (EAD) Module for FHA Single Family Appraisals
2021-19 Extension of the Foreclosure-Related Eviction Moratorium and Expiration of the Foreclosure Moratorium in Connection with the Presidentially-Declared COVID-19 National Emergency
2021-17 Revisions to Property and Appraisal Quality Control Review Requirements
2021-16 Extension of the End Date for COVID-19 Multisubject: Updated Temporary Guidance for Verification of Self-Employment; Rental Income; 203(k) Rehabilitation Escrow Account
2021-15 Extension of the Foreclosure and Eviction Moratorium in Connection with the Presidentially-Declared COVID-19 National Emergency, Further Expansion of the COVID-19 Forbearance and the COVID-19 Home Equity Conversion Mortgage (HECM) Extensions, and Establishment of the COVID-19 Advance Loan Modification (COVID-19 ALM)
2021-13 Student Loan Payment Calculation of Monthly ObligationStudent Loan Payment Calculation of Monthly Obligation
2021-11 Amendments to HUD's Non-Borrowing Spouse Policy for all Home Equity Conversion Mortgage (HECM) Loans
2021-09 Announcement of Revised Form HUD-9991, FHA Condominium Loan Level/Single-Unit Approval Questionnaire and Revised Form HUD-9992, FHA Condominium Project Approval Questionnaire
2021-08 Home Equity Conversion Mortgage (HECM) Program - Changes to Interest Rate Requirements Including Removal of the London Interbank Offered Rate (LIBOR) Index
2021-07 Extension of the End Date for COVID-19 Multisubject: Updated Temporary Guidance for Verification of Self-Employment; Rental Income; 203(k) Rehabilitation Escrow Account
2021-06 Extension of Re-verification of Employment and Exterior-Only Appraisal scope of work (SOW) option for Federal Housing Administration (FHA) Single Family programs impacted by the Coronavirus Disease of 2019 (COVID-19)
2021-05 Extensions of Single Family Foreclosure and Eviction Moratorium, Start Date of COVID-19 Initial Forbearance, and HECM Extension Period; Expansion of COVID-19 Loss Mitigation Options
2021-04 Update to the COVID-19 Forbearance Start Date and the COVID-19 Home Equity Conversion Mortgage (HECM) Extension Period
2021-03 Extension of Foreclosure and Eviction Moratorium in Connection with the Presidentially-Declared COVID-19 National Emergency
2020-49 Revised Form HUD-92900-A, HUD Addendum to Uniform Residential Loan Application
2020-48 Manufactured Housing Appraisal Sales Comparison Approach Update
2020-47 Extension of Re-verification of Employment and Exterior only Appraisal scope of work option for Federal Housing Administration (FHA) Single Family programs impacted by the Coronavirus Disease of 2019 (COVID-19)
2020-46 Extension of Temporary Guidance for COVID-19 Multisubject: Updated Temporary Guidance for Verification of Self-Employment; Rental Income; 203(k) Rehabilitation Escrow Account
2020-44 Second Update to the COVID-19 Forbearance Start Date and the COVID-19 Home Equity Conversion Mortgage (HECM) Extension Period
2020-43 Extension of Foreclosure and Eviction Moratorium in Connection with the Presidentially-Declared COVID-19 National Emergency
2020-42 2021 Home Equity Conversion Mortgage (HECM) Limits
2020-40 Extension of the End Date for COVID-19 Multisubject: Updated Temporary Guidance for Verification of Self-Employment; Rental Income; 203(k) Rehabilitation Escrow Account
2020-37 Extension of Re-verification of Employment guidance and Updated Appraisal Scope of Work Option for Federal Housing Administration (FHA) Single Family programs impacted by the Coronavirus Disease of 2019 (COVID-19)
2020-34 Update to the Date for Approving a COVID-19 Forbearance or COVID-19 Home Equity Conversion Mortgage (HECM) Extension
2020-29 FHA Catalyst: Case Binder Module - Expanded Functionality and Updated Case Binder Submission Requirements for Federal Housing Administration (FHA) Post Endorsement Loan Reviews
2020-28 Re-Extension of the Effective Date of Mortgagee Letter (ML) 2020-05, Reverification of Employment and Exterior-Only and Desktop-Only Appraisal Scope of Work Options for the Federal Housing Administration (FHA) Single Family programs impacted by the Coronavirus Disease of 2019 (COVID-19)
2020-27 Extension of Foreclosure and Eviction Moratorium in Connection with the Presidentially-Declared COVID-19 National Emergency
2020-24 Revision of Effective Date for COVID-19 Multisubject: Updated Temporary Guidance for Verification of Self-Employment; Rental Income; 203(k) Rehabilitation Escrow Account
2020-23 COVID-19 Multisubject: Updated Temporary Guidance for Verification of Self-Employment; Rental Income; 203(k) Rehabilitation Escrow Account
2020-20 Re-Extension of the Effective Date of Mortgagee Letter 2020-05, Re-verification of Employment and Exterior-Only and Desktop-Only Appraisal Scope of Work Options for FHA Single Family Programs Impacted By COVID-19
2020-19 Extension of Foreclosure and Eviction Moratorium in Connection with the Presidentially-Declared COVID-19 National Emergency
2020-14 Extension of the Effective Date of Mortgagee Letter 2020-05, Reverification of Employment and Exterior-Only and Desktop-Only Appraisal Scope of Work Options for FHA Single Family Programs Impacted By COVID-19
2020-13 Extension of Foreclosure and Eviction Moratorium in connection with the Presidentially-Declared COVID-19 National Emergency and New Reporting Requirements Related to FHA Single Family's CARES Act Loss Mitigation Options
2020-12 Updated Guidance for Home Equity Conversion Mortgage (HECM) Claim Type 22 (CT-22) Assignment Claims during the COVID-19 National Emergency
2020-07 FHA Catalyst: Case Binder Module – Single Family Forward and Home Equity Conversion Mortgage (HECM) Electronic Endorsement Submission
2020-06 FHA's Loss Mitigation Options for Single Family Borrowers Affected by the Presidentially-Declared COVID-19 National Emergency in Accordance with the CARES Act
2020-05 Re-verification of Employment and Exterior-Only and Desktop-Only Appraisal Scope of Work Options for FHA Single Family Programs Impacted By COVID-19
2020-04 Foreclosure and Eviction Moratorium in connection with the Presidentially-Declared COVID-19 National Emergency
2019-20 2020 Nationwide Home Equity Conversion Mortgage (HECM) Limits
2019-17 Home Equity Conversion Mortgage (HECM) Program – Condominium Requirements
2019-16 Home Equity Conversion Mortgage (HECM) Program – Continuation of HECM Collateral Risk Assessment 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 Requirements
2013-33 HECM Mandatory Obligations, Life Expectancy Set-Aside Calculation, and Purchase Transactions
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 Rescission of Borrower's Recourse
2011-09 Waiver of fees/activities on Certificate
2011-01 HECM Property Charge Loss Mitigation
2010-39 HUD-1 Settlement Statement 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 Immediately
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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