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


FHA Commissioner Stepping Down August 18, 2014

FHA Commissioner Carol Galante announced that she will be departing in the fall and accepting an academic position at her alma mater, the University of California-Berkley, starting in January.


Texas HECM Update August 5, 2014

NRMLA and HUD are considering changes to Texas loan documents for use when a non-borrowing spouse is present.


HUD Issues Case Number Guidance For NBS Cases July 28, 2014

HUD published new guidance on the proper procedures for canceling and ordering new case numbers for clients who may benefit from new non-borrowing spouse policies and principal limit factors that take effect on August 4.

 

Other


CFPB Begins Expansion of HMDA Reporting February 18, 2014

The CFPB announced it was taking preliminary steps to expand the types of loan data that financial institutions must report under the Home Mortgage Disclosure Act.