Today, the Federal Housing Administration extended the review and feedback period for the draft HECM Handbook through December 31, 2021.
Given the scope of information that needs to be reviewed, NRMLA submitted a letter to the executive team at HUD requesting more time. Several working groups have been formed by NRMLA and they are busily convening and discussing the draft HECM Handbook.
“We greatly appreciate HUD’s flexibility in this very important initiative,” said NRMLA President Steve Irwin. “We’ve been waiting a long time for a new HECM Handbook and so we want to take our time and carefully review everything before submitting our comments to HUD.
Stakeholders are encouraged to thoroughly review and provide feedback on the draft sections through its new feedback period end date. Instructions for viewing the draft sections and providing feedback are available on the Drafting Table. FHA will carefully consider all feedback received.