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.


Final HECM Calculator Software Requirements March 23, 2015

HUD shared its HECM calculator specifications with reverse mortgage lenders and technology providers to ensure that financial assessment is implemented consistently across the industry.

NRMLA Comments on MOE Policies March 17, 2015

NRMLA submitted comments to the U.S. Department of Housing and Urban Development seeking clarification on several issues pertaining to the new Mortgagee Optional Election (MOE) Assignment option.

HUD Publishes “MOE” FAQ March 17, 2015

HUD published a list of “Frequently Asked Questions” that clarifies issues raised by the industry following the implementation of the Mortgagee Optional Election (MOE) Assignment option.



NRMLA Seeks Regulatory Exemptions March 23, 2015

NRMLA submitted written comments to the CFPB seeking an explicit exemption for reverse mortgages from mortgage servicing rules that are being amended by the agency.

Reverses Left Out March 10, 2015

Reverse mortgages were not mentioned once in the CFPB's Semi-Annual Report, which described a multitude of efforts to assist consumers who felt they had been victimized by financial institutions.