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.

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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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2012 Mortgagee Letters:

2012-17 HERMIT System for HECM Loans

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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

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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

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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

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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

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2007 Mortgagee Letters:

2007-13 ARMs Addition of LIBOR Index
2007-08 Face-to-face Interviews
2007-06 Property Eligibility Requirements

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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

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2005 Mortgagee Letters:

2005-44 National HECM Counseling Network

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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

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2003 Mortgagee Letters:

2003-22 Home Equity Conversion Mortgages (HECMs) -Procedural Guidance
2003-16 Home Equity Conversion Mortgage (HECM)-Interest Rate Lock-Ins

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2002 Mortgagee Letters:

2002-12 Reinstatement of the Housing Counseling Notification Requirement

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2001 Mortgagee Letters:

2001-18 CHUMS Programming Changes for HECM Processing
2001-16 Home Equity Conversion Mortgage Program (HECM) Servicing and Claim Issues

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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

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1999 Mortgagee Letters:

1999-36 Home Equity Conversion Mortgage Calculation Software
1999-02 Implementation of the Final Rule - HECM Consumer Protection Measures

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1998 Mortgagee Letters:

1998-25 Optional New Loan Application Form
1998-03 Servicing Fee Cap Monthly Adjustable Loans

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1997 Mortgagee Letters:

1997-38 Case Processing, System Issues, Coming Enhancements, Solving Roadblocks
1997-15 Implementation of Final Rule and Other Information

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1996 Mortgagee Letters:

1996-15 Changes in Program Requirements

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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

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