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 Publishes ML on Financial Assessment
November 26, 2014
HUD has published two mortgagee letters that will help clarify the process for conducting financial assessments.
Update in Bennett Litigation
November 25, 2014
The judge presiding over the non-borrowing spouse litigation in federal court in the District of Columbia awarded the plaintiffs’ lawyers $236,112.89 in attorneys’ fees and costs.
MMI Fund Sees Strong Two-Year Recovery
November 20, 2014
In its 2014 Annual Report to Congress on the Financial Status of the FHA Mutual Mortgage Insurance Fund, HUD reported an impressive two-year gain of $21 billion dollars from a 2013 negative value of $16.3 billion to a 2014 positive value of $4.8 billion.