HUD Rescinds MOE
May 5, 2015
The Federal Housing Administration announced on April 30 that it is immediately rescinding Mortgagee Letter 2015-03.
HUD Updates Servicing Guidelines
May 1, 2015
The Federal Housing Administration updated its due and payable and loss mitigation policies and procedures via the April 23 publication of Mortgagee Letters 2015-10 and 2015-11.
FA Goes Live
April 27, 2015
For two years, the reverse mortgage industry has prepared itself for financial assessment. On Monday, April 27, FA becomes a reality.
Member Alert: HECM Automatic Case Number Cancellation Reminder
April 17, 2015
Mortgagees should review their Pending Case Cancellation Report to identify loans that are marked for automatic cancellation.