NRMLA, along with 22 other advocacy groups, co-signed a letter asking members of the Senate Banking Committee to approve the nomination of Scott Turner as the next Secretary … more NRMLA Signs Letter of Support for HUD Secretary Nominee
HUD
Advice on Handling HECMs in Disaster Areas
The devastating fires in Los Angeles County prompted the Federal Housing Administration to publish FHA Info #2025-07 as a reminder to mortgagees about its guidance for servicing and … more Advice on Handling HECMs in Disaster Areas
Mortgagees Have 36 Hours to Report Cyber Incidents
Effective immediately, Mortgagee Letter 2024-23 requires mortgagees to notify the Department of Housing and Urban Development as soon as possible — but no later than 36 hours — … more Mortgagees Have 36 Hours to Report Cyber Incidents
Ginnie Mae Finalizes HMBS 2.0 Term Sheet
Ginnie Mae published a finalized term sheet for its HECM Mortgage-Backed Securities (HMBS) 2.0 program. The final term sheet was developed in response to comments received and subsequent engagement with … more Ginnie Mae Finalizes HMBS 2.0 Term Sheet
Highlights From FHA’s Annual Report to Congress
For a fourth consecutive year, the Home Equity Conversion Mortgage portfolio had a positive economic value. That’s according to the Department of Housing and Urban Development’s 2024 Annual … more Highlights From FHA’s Annual Report to Congress
FHA Issues New Flood Risk Management Standards for New Construction
Under the guidelines published in Mortgagee Letter 2024-20, all newly constructed dwellings located within the 1-percent-annual-chance (100-year) floodplain must be built at least two feet above the base … more FHA Issues New Flood Risk Management Standards for New Construction
HUD Finalizes Debenture Interest Updates
The Federal Housing Administration published updates for the payment of debenture interest on HECM claims and established a process for adjusting debenture interest for claims already filed for loans … more HUD Finalizes Debenture Interest Updates
HUD Announces Next HECM Note Sale
The Department of Housing and Urban Development published a notice in the Federal Register that announced its intention to sell 2,700 HECM notes secured by vacant properties with … more HUD Announces Next HECM Note Sale
HUD and GNMA Invited Feedback on Two Critical HECM Issues
Working in coordination with the Servicing Committee and HMBS Issuers Committee, NRMLA submitted two sets of comments, one to the Department of Housing and Urban Development and another … more HUD and GNMA Invited Feedback on Two Critical HECM Issues
HUD Extends Foreclosure Relief to Maui Victims
The Federal Housing Administration extended its foreclosure moratorium for borrowers with FHA-insured mortgages in Maui County, HI, through January 1, 2025. Why it matters: This new extension — … more HUD Extends Foreclosure Relief to Maui Victims
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