The U.S. Department of Housing and Urban Development will distribute an additional $15 million through its Older Adult Home Modification Program (OAHMP) to local non-profit organizations and state and local … more HUD Announces $15 Million to Help Older Americans Age in Place
HUD
FHA Updates HECM Due and Payable Requirements
The Federal Housing Administration changed its requirement for mortgagees to notify a borrower’s estate and heirs that a HECM has become due and payable from within 30 days … more FHA Updates HECM Due and Payable Requirements
FHA Lenders and Mortgagees Need to Apply for Government ID
In accordance with new requirements announced by the General Services Administration (GSA), all entities engaged in or seeking to do business with the federal government, including the Federal … more FHA Lenders and Mortgagees Need to Apply for Government ID
NRMLA Submits Comments on Revised Appraisal Validity Period
On behalf of its members, NRMLA submitted comments to the Department of Housing and Urban Development that recommended recent changes to the appraisal validity period apply to HECM … more NRMLA Submits Comments on Revised Appraisal Validity Period
FHA Extends Appraisal Validity Period
The Federal Housing Administration published Mortgagee Letter (ML) 2022-11, Revised Appraisal Validity Periods., which extends the initial appraisal validity period from 120 days to 180 days and the … more FHA Extends Appraisal Validity Period
Common HECM Questions Posted to FHA’s FAQ Website
The Federal Housing Administration’s Frequently Asked Questions (FAQ) website, a great resource for HECM-related questions, has moved to a new platform that introduces improvements to the search functionality … more Common HECM Questions Posted to FHA’s FAQ Website
Compliance Corner: No Fees Prior to Having a Signed Counseling Certificate
HUD’s Office of Housing Counseling contacted NRMLA this week and asked us to remind members that lenders are not permitted to collect a fee or take a final … more Compliance Corner: No Fees Prior to Having a Signed Counseling Certificate
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