HUD recognizes the need to expand the number of agencies and counselors who can provide default counseling for Home Equity Conversion Mortgage (HECM) borrowers. To assist in this goal, HUD is taking the following measures:
- HUD is permitting agencies to provide nationwide HECM default counseling (similar to the current process for HECM origination counseling) if it is part of the agency's current HUD-approved work plan for HECM default and if the agencies choose to do so. Default counseling for HECM loans can be provided by non-HECM Roster counselors.
- HUD and their partners will be providing HECM default counseling training opportunities for all agencies currently providing, planning to provide, or building the capacity to provide this type of counseling. For weekly training updates, please visit the Training Digest.