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


Columnist: FHA Contemplates Return to Spot Condo Approvals April 14, 2014

Nationally-syndicated real estate columnist Ken Harney wrote that the FHA, under growing political pressure, may bring back spot condo approvals under more modern, stricter guidelines.


FHA Commissioner: MMI Fund Won't Need Appropriation March 14, 2014

FHA Commissioner Carol Galante said the FY2015 budget anticipates the MMI Fund will conclude the current fiscal year with a positive capital reserve account balance of approximately $7.8 billion.

 

Other


AARP Sues HUD Again Over Non-Borrower Spouse Issue March 10, 2014

In this memo, NRMLA's legal counsel summarizes a new lawsuit brought against HUD by the AARP Foundation over the non-borrower spouse issue.


All materials copyrighted © 2014 National Reverse Mortgage Lenders Association.