The following section lists the primary regulations pertaining to the FHA’s Home Equity Conversion Mortgage Program, used by compliance, underwriting and servicing staff.
Counseling
Form HUD-9902 Counseling Data Due July 31
In a listserv announcement sent on July 3, the Department of Housing and Urban Development reminded housing counseling agencies (HCAs) to submit their third quarter Form HUD-9902 performance … more Form HUD-9902 Counseling Data Due July 31
Reverse Mortgage Assistance in Puerto Rico
The non-profit HOPE Now Alliance has organized free counseling for families in Puerto Rico who were impacted by Hurricane Maria and need help with their reverse mortgages. Counselors … more Reverse Mortgage Assistance in Puerto Rico
CT Governor Signs Reverse Mortgage Counseling Bill
Connecticut Governor Dannel Patrick Malloy signed reverse mortgage counseling legislation into law this week that emulates existing rules mandated under the federal Home Equity Conversion Mortgage program. The … more CT Governor Signs Reverse Mortgage Counseling Bill
HUD Committed to Helping HECM Borrowers Who Are Facing Default
The Department of Housing and Urban Development remains committed to operating the HECM program on a fiscally sound basis and to providing greater assistance for reverse mortgage borrowers … more HUD Committed to Helping HECM Borrowers Who Are Facing Default
HUD Announces Vacancies On Housing Counseling Federal Advisory Committee
The Department of Housing and Urban Development published a Federal Register Notice (Docket No. FR-5858-N-09) announcing its intent to fill eight vacancies on the Housing Counseling Federal Advisory … more HUD Announces Vacancies On Housing Counseling Federal Advisory Committee
Free Webinar Training for HUD Housing Counselors
Housing counseling agencies can learn about funding opportunities, including HUD programs and non-HUD sources, that can be used to enhance counseling services, during an online webinar hosted by the Department … more Free Webinar Training for HUD Housing Counselors
Guidance on California’s “Cooling Off” Period
The California Department of Business Oversight (DBO) recently issued an Interpretative Letter regarding the cooling off period for reverse mortgage application processing as governed under the California Civil … more Guidance on California’s “Cooling Off” Period
Helping Your Clients Who Are In Default
This list represents the agencies currently known to provide HECM default counseling and may not be all inclusive. Greenpath (888) 860-4167 Money Management International (866) 765-3328 National Foundation … more Helping Your Clients Who Are In Default
New Collaboration Focuses on CA Borrowers
The HOPE NOW Alliance and ClearPoint Credit Counseling Solutions are collaborating on a one-year pilot program that assists homeowners in California who have reverse mortgage issues, concerns and … more New Collaboration Focuses on CA Borrowers