The Federal Housing Administration rescinded three mortgagee letters that had sought to reduce discrimination in the appraisal process but which the Trump administration argued had created barriers and … more FHA Rescinds Anti-Discrimination Appraisal Policies
HUD
NRMLA Asks HUD to Extend ORCA Initiative to HECM
NRMLA has asked the Department of Housing and Urban Development to consider extending its Optional Reimbursement Claim Alternative (ORCA) to the HECM program. Earlier this year, HUD published … more NRMLA Asks HUD to Extend ORCA Initiative to HECM
HUD Extends Foreclosure Relief to CA Homeowners
The Department of Housing and Urban Development announced a 90-day extension of its foreclosure moratorium on FHA-insured mortgages, including HECMs, for areas of Los Angeles County devastated by … more HUD Extends Foreclosure Relief to CA Homeowners
FHA Issues Waivers of Construction Flood Elevation Requirements
The Federal Housing Administration announced in FHA Info 2025-10 that it was issuing a temporary partial regulatory waiver and related Single Family Housing Policy Handbook 4000.1 (Handbook 4000.1) … more FHA Issues Waivers of Construction Flood Elevation Requirements
HUD IG Issues Reverse Mortgage Bulletin
The Fraud Bulletin was published in response to the recent criminal conviction of Mark Diamond, a Chicago-based contractor who orchestrated a home repair and reverse mortgage fraud scheme … more HUD IG Issues Reverse Mortgage Bulletin
NRMLA Signs Letter of Support for HUD Secretary Nominee
NRMLA, along with 22 other advocacy groups, co-signed a letter asking members of the Senate Banking Committee to approve the nomination of Scott Turner as the next Secretary … more NRMLA Signs Letter of Support for HUD Secretary Nominee
Advice on Handling HECMs in Disaster Areas
The devastating fires in Los Angeles County prompted the Federal Housing Administration to publish FHA Info #2025-07 as a reminder to mortgagees about its guidance for servicing and … more Advice on Handling HECMs in Disaster Areas
Mortgagees Have 36 Hours to Report Cyber Incidents
Effective immediately, Mortgagee Letter 2024-23 requires mortgagees to notify the Department of Housing and Urban Development as soon as possible — but no later than 36 hours — … more Mortgagees Have 36 Hours to Report Cyber Incidents
HECM Loan Limit Increasing to $1,209,750 in 2025
The Federal Housing Administration has just announced that it will increase the maximum claim amount for Home Equity Conversion Mortgages in calendar year 2025 from $1,149,825 to $1,209,750, … more HECM Loan Limit Increasing to $1,209,750 in 2025
Ginnie Mae Finalizes HMBS 2.0 Term Sheet
Ginnie Mae published a finalized term sheet for its HECM Mortgage-Backed Securities (HMBS) 2.0 program. The final term sheet was developed in response to comments received and subsequent engagement with … more Ginnie Mae Finalizes HMBS 2.0 Term Sheet
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