Archives For: FHA INFO #20-92

HUD: FHA INFO #20-92: Wire Transfers for Secretary-Held HECMs and Partial Claims

The U.S. Department of Housing and Urban Development (HUD) announced that all payoffs for secretary-held HECMs and partial claims must be sent to its loan servicing contractor, Novad Management Consulting, in the form of certified funds, such as a cashier’s check.

9 Dec 2020