Archives For: HECM
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
HUD: FHA INFO #20-89: 2021 Nationwide Home Equity Conversion Mortgage Limits
The U.S. Department of Housing and Urban Development (HUD) published Mortgagee Letter 2020-42, which provides the calendar year 2021 maximum claim amount for FHA-insured traditional Home Equity Conversion Mortgages (HECM), HECM for purchase, and HECM-to-HECM refinances.
2 Dec 2020
New York Bill Aims to Add Lender Requirement Prior to HECM Foreclosure
A5627/S4408 has passed the New York State Legislature. The proposed legislation would require an authorized lender that seeks to foreclose upon a reverse mortgage issued under the federal home equity conversion mortgage program to provide notice to the department of financial services and to the mortgagor.
22 Jul 2020
HUD: FHA INFO #19-59: 2020 Nationwide Home Equity Conversion Mortgage Limits
The U.S. Department of Housing and Urban Development (HUD) issued single family housing and news updates in FHA INFO #19-59.
3 Dec 2019
HUD: FHA INFO #18-35: Extension of HECM Foreclosure Timelines for Properties Impacted by Hurricane Maria in Affected Areas in Puerto Rico and the U.S. Virgin Islands
The U.S. Department of Housing and Urban Development (HUD) issued single-family housing news and updates in FHA INFO #18-35.
17 Aug 2018
HUD: FHA INFO #18-21: Extension of HECM Foreclosure Timelines for Properties Impacted by Hurricane Maria in Affected Areas in Puerto Rico and the U.S. Virgin Islands
The U.S. Department of Urban Development (HUD) issued single family housing and news updates in FHA INFO #18-21.
16 May 2018
HUD: FHA INFO #18-12: Extension of HECM Foreclosure Timelines for Properties Impacted by Hurricane Maria in Affected Areas in Puerto Rico and the U.S. Virgin Islands
The U.S. Department of Housing and Urban Development (HUD) issued single family housing and news updates in FHA INFO #18-12.
19 Mar 2018
HUD: FHA INFO #17-40: HECM: FHA Systems Updates for September 18th Release
The U.S. Department of Housing and Urban Development (HUD) released single family housing and news updates in FHA INFO #17-40.
13 Sep 2017
HUD: Mortgagee Letter 2017-11: Implementation of HUD?s January 2017 Home Equity Conversion Mortgage (HECM) Final Rule
The U.S. Department of Housing and Urban Development (HUD) issued a release highlighting requirements specifically related to servicing functions that were published in the January 2017 Home Equity Conversion Mortgage (HECM) Final Rule.
24 Aug 2017
FHA INFO #17-33: Home Equity Conversion Mortgage Servicing Implementation Guidance Issued Today
The U.S. Department of Housing and Urban Development (HUD) released single family housing and news updates in FHA INFO #17-33.
24 Aug 2017