The Department of Housing and Urban Development announced a 90-day extension of its foreclosure moratorium on FHA-insured mortgages, including HECMs, for areas of Los Angeles County devastated by … more HUD Extends Foreclosure Relief to CA Homeowners
Federal and State Regulations
FHA Issues Waivers of Construction Flood Elevation Requirements
The Federal Housing Administration announced in FHA Info 2025-10 that it was issuing a temporary partial regulatory waiver and related Single Family Housing Policy Handbook 4000.1 (Handbook 4000.1) … more FHA Issues Waivers of Construction Flood Elevation Requirements
HUD IG Issues Reverse Mortgage Bulletin
The Fraud Bulletin was published in response to the recent criminal conviction of Mark Diamond, a Chicago-based contractor who orchestrated a home repair and reverse mortgage fraud scheme … more HUD IG Issues Reverse Mortgage Bulletin
Regulatory freeze implemented across federal agencies
As was anticipated, and is typical of a change in presidential administrations, President Donald Trump issued a memorandum that implemented a regulatory freeze across all executive departments and agencies. … more Regulatory freeze implemented across federal agencies
NRMLA Signs Letter of Support for HUD Secretary Nominee
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
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
NRMLA on your side in 2024
NRMLA advocates each and every day of the year for its members. The following infographic (click to enlarge) represents a small portion of NRMLA’s achievements in 2024.
Here’s why HMBS 2.0 is so important
Over the past year, NRMLA has worked closely with Ginnie Mae to develop HMBS 2.0 to resolve the liquidity constraints that led to the largest bankruptcy in the … more Here’s why HMBS 2.0 is so important
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
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