HUD
HUD Offers Guidance on Fixed Rate HECMs
April 2, 2008
HUD published Mortgagee Letter 2008-8 today, providing guidance to lenders that wish to offer HECMs with a fixed interest rate.
FHA Mortgagee Letters
April 2, 2008
Following is a list of FHA Mortgagee Letters that govern the HECM program.
HUD Issues Interim Rule in HECMs
January 9, 2008
The U.S. Department of Housing and Urban Development published an “interim” rule in the Federal Register this morning that makes two technical changes to the HECM program.
HUD Mortgagee Letter Clarifies Use of LIBOR
October 15, 2007
On October 12, 2007, the FHA issued Mortgagee Letter 2007-12 providing clarification to the previously published rule that lenders may now use LIBOR as an index option with HECM loans. The Mortgagee Letter is effective immediately.
HECM Counseling-Borrower Signatures
September 12, 2007
As a service to our members, NRMLA is alerting you to an issue with HECM counseling.
HUD Relaxes Face-to-Face Interviews
May 4, 2007
Today, FHA published Mortgagee Letter 2007-08, “HECM Face-to-Face Interviews,” which makes a significant change to the HECM program.
HECM "Loan Advisor" Program
The following Q&A on the HECM "Loan Advisor" program was developed by NRMLA's general counsel, Weiner, Brodsky, Sidman, Kider, P.C., Washington, D.C.
HUD Seeks to Create National Counseling Roster
January 8, 2007
Today, the U.S. Department of Housing and Urban Development published a proposed rule in the Federal Register seeking public comment on the adoption of new testing standards to approve individuals as HECM counselors and a national counseling roster.
Renewing Your FHA Status
December 14, 2006
The following memo was distributed by HUD to provide guidance to lenders on how to renew their FHA status.
Part-Time “Employees” of HECM Loan Originators: Selected RESPA Section 8, FHA, and State Law Issues
The following Q&A on "part-time" employee relationships was developed by NRMLA's general counsel, Weiner, Brodsky, Sidman, Kider, P.C., Washington, D.C.
HECM Regulations (24CFR206)
HECM program rules and guidelines as contained in the Code of Federal Regulations.
All materials copyrighted © 2008 National Reverse Mortgage Lenders Association.