HECM Mortgagee Letters
The mortgagee letters listed on this page update the policies in HUD Handbook 4235.1.
All Mortgagee Letters are available online.
PUBLICATION YEARS:
Please click on the year to see Mortgagee Letter(s)
2023 | 2019 | 2015 | 2011 | 2007 | 2003 | 1999 | 1995 | 1990 |
2022 | 2018 | 2014 | 2010 | 2006 | 2002 | 1998 | 1994 | 1988 |
2021 | 2017 | 2013 | 2009 | 2005 | 2001 | 1997 | 1993 | |
2020 | 2016 | 2012 | 2008 | 2004 | 2000 | 1996 | 1991 |
2023 Mortgagee Letters:
- 2023-10 Modifications to the Home Equity Conversion Mortgage (HECM) Assignment Claim Type 22 (CT-22) Submission Criteria and Documentation Requirements
- 2023-09 Adjustable-Rate Mortgages (ARM): New Secretary-Approved Interest Rate Indices and Requirements for Transitioning from London Interbank Offered Rate (LIBOR) Index
- 2023-08 Extension for COVID-19 Forbearance and COVID-19 Home Equity Conversion Mortgage (HECM) Extensions Through May 31, 2023
2022 Mortgagee Letters:
- 2022-23 COVID-19 Home Equity Conversion Mortgage (HECM) Property Charge Repayment Plan
- 2022-22 Clarification of Conflict of Interest and Dual Employment Policy for Most Title II Single Family FHA-Insured Mortgage Transactions
- 2022-21 2023 Home Equity Conversion Mortgage (HECM) Limits
- 2022-19 Rescinding the Mandatory Use Date for the Federal Housing Administration (FHA) Catalyst: Electronic Appraisal Delivery (EAD) Module
- 2022-18 Acceptance of Private Flood Insurance for FHA-Insured Mortgages
- 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 Mortgagee Letters:
- 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 Mortgagee Letters:
- 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 Mortgagee Letters:
- 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 Mortgagee Letters:
- 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 Mortgagee Letters:
- 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 Mortgagee Letters:
- 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 Mortgagee Letters:
- 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 Mortgagee Letters:
- 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 Mortgagee Letters:
- 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 Mortgagee Letters:
- 2012-17 HERMIT System for HECM Loans
2011 Mortgagee Letters:
- 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 Mortgagee Letters:
- 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 Mortgagee Letters:
- 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 Mortgagee Letters:
- 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 Mortgagee Letters:
- 2007-13 ARMs Addition of LIBOR Index
- 2007-08 Face-to-face Interviews
- 2007-06 Property Eligibility Requirements
2006 Mortgagee Letters:
- 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 Mortgagee Letters:
- 2005-44 National HECM Counseling Network
2004 Mortgagee Letters:
- 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 Mortgagee Letters:
- 2003-22 Home Equity Conversion Mortgages (HECMs) -Procedural Guidance
- 2003-16 Home Equity Conversion Mortgage (HECM)-Interest Rate Lock-Ins
2002 Mortgagee Letters:
- 2002-12 Reinstatement of the Housing Counseling Notification Requirement
2001 Mortgagee Letters:
- 2001-18 CHUMS Programming Changes for HECM Processing
- 2001-16 Home Equity Conversion Mortgage Program (HECM) Servicing and Claim Issues
2000 Mortgagee Letters:
- 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 Mortgagee Letters:
- 1999-36 Home Equity Conversion Mortgage Calculation Software
- 1999-02 Implementation of the Final Rule - HECM Consumer Protection Measures
1998 Mortgagee Letters:
1997 Mortgagee Letters:
- 1997-38 Case Processing, System Issues, Coming Enhancements, Solving Roadblocks
- 1997-15 Implementation of Final Rule and Other Information
1996 Mortgagee Letters:
- 1996-15 Changes in Program Requirements
1995 Mortgagee Letters:
- 1995-54 Implementation of Direct Endorsement Program and New Disclosure Requirements on Reverse Mortgages to Consumers
- 1995-45 Lapse of Insuring Authority
1994 Mortgagee Letters:
- 1994-44 Claims Instructions for FHA-Insured Home Equity Conversion Mortgage
1993 Mortgagee Letters:
- 1993-22 Changes and Clarifications to HUD Handbook 4235.1
1991 Mortgagee Letters:
- 1991-01 Implementation of Certain Provisions of the 1990 Housing Legislation
1990 Mortgagee Letters:
- 1990-17 Changes and Amendments to HUD Handbook 4235.1
1988 Mortgagee Letters:
- 1988-38 Home Equity Conversion Mortgage Insurance Demonstration- Procedures for Applying for Reservations of Insurance Authority
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