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HECM Mortgagee Letters

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

  • 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
  • 2020-48 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 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 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)
  • 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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