Reverse Mortgage Regulations


The following section contains links to FHA mortgagee letters, the Code of Federal Regulations, and the HUD HECM Handbook, so that you are kept informed of the rules governing the HECM and Fannie Mae Home Keeper programs.


HUD


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.


FICO Scores Reminder April 17, 2015

While FICO scores are not part of the impending financial assessment decision making process, originators will need to input the applicants’ FICO score in FHA Connection.


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.