The Federal Housing Administration published a final rule in the Federal Register [Docket No. FR-6321-F-02] that eliminates the current requirement for Mortgagees to register branch offices where they … more FHA Removes Mandatory Branch Registration Requirement
HUD
HECM Handbook Training Module
The Federal Housing Administration introduced an online training module to highlight policy updates in the HECM section of the Single-Family Handbook 4001.1. During the 27-minute presentation, HUD officials … more HECM Handbook Training Module
GNMA Annual Report Highlights HMBS Achievements
Ginnie Mae published its Fiscal Year 2023 Annual Report to highlight its programs and accomplishments from the past year, including steps taken to alleviate liquidity pressures that impacted … more GNMA Annual Report Highlights HMBS Achievements
HUD Updates HECM Servicing Policies
The Federal Housing Administration implemented numerous servicing policy changes that are designed to improve the HECM program’s financial stability and overall performance. Details were provided in Mortgagee Letter … more HUD Updates HECM Servicing Policies
Health of HECM Program Remains Positive In FY23
For a third consecutive year, the Home Equity Conversion Mortgage portfolio had a positive economic value. That’s according to the Department of Housing and Urban Development’s 2023 Annual … more Health of HECM Program Remains Positive In FY23
FHA Connection Updated to Accommodate ADU Processing
The enhancements to FHA Connection follow the recent publication of Mortgagee Letter 2023-17, which updated Financial Assessment guidelines to permit income from Accessory Dwelling Units to be used … more FHA Connection Updated to Accommodate ADU Processing
FHA Proposes Update to HECM Assignment Claims Eligibility
The Federal Housing Administration posted a new draft mortgagee letter to the Drafting Table that would expand the assignment eligibility criteria to include HECMs that are due and … more FHA Proposes Update to HECM Assignment Claims Eligibility
Updated HECM Handbook Has Arrived
NRMLA’s leadership, committees, and outside counsel are all carefully reviewing the HECM section of the Single-Family Housing Policy Handbook 4000.1 that the Department of Housing and Urban Development … more Updated HECM Handbook Has Arrived
HUD Proposed Rule Expands Counseling Delivery Options
The Department of Housing and Urban Development published a proposed rule in the Federal Register this week that would amend HUD’s regulations to allow housing counseling agencies to use alternative communication … more HUD Proposed Rule Expands Counseling Delivery Options
FHA Proposes Changes to HECM for Purchase Program
Today, the Federal Housing Administration announced changes to the HECM for Purchase program by expanding the list of acceptable funding sources, including premium pricing, and permitting additional interested … more FHA Proposes Changes to HECM for Purchase Program
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