HECM Mortgagee Letters

The mortgagee letters listed on this page update the policies in HUD Handbook 4235.1.

View all HECM Mortgagee Letters and a comprehensive list of all Mortgagee Letters on HUD.gov.

2017-12: Home Equity Conversion Mortgage (HECM) Program: Mortgage Insurance Premium Rates and Principal Limit Factors

2016-10: Home Equity Conversion Mortgage (HECM) Program - Servicing Fee Set-Aside Growth Rate, Third Party Property Tax Verification Fees, and Financial Assessment and Property Charge Requirements

2016-07: Expanded Permissive Loss Mitigation for Home Equity Conversion Mortgages (HECMs) and Mortgagee’s Optional Extension to Submitting a Due and Payable Request

2016-05: Additional Guidance related to Mortgagee Letter 2015-15, Mortgagee Optional Election (MOE) Assignment for Home Equity Conversion Mortgages (HECMs) with an FHA Case Number assigned prior to August 4, 2014

2015-26: Extension of Certain Timeframes in connection with Mortgagee Letter 2015-11, Loss Mitigation Guidance for Home Equity Conversion Mortgages (HECMs) in Default due to Unpaid Property Charges.

2015-24: Single Family Foreclosure Policy and Procedural Changes for HUD Title II Forward Mortgages and Reverse Mortgages

2015-15: Mortgagee Optional Election Assignment for Home Equity Conversion Mortgages (HECMs) with an FHA Case Number assigned prior to August 4, 2014

2015-12: Mortgagee Optional Election Assignment for Home Equity Conversion Mortgages (HECMs) with FHA Case Numbers assigned prior to August 4, 2014

2015-11: Loss Mitigation Guidance for Home Equity Conversion Mortgages (HECMs) in Default due to Unpaid Property Charges

2015-10: Home Equity Conversion Mortgage (HECM) Due and Payable Policies

2015-09: Home Equity Conversion Mortgage (HECM) Program - Life Expectancy Set-Aside Growth Rate and Clarification to Section 3.98 of the HECM Financial Assessment and Property Charge Guide

2015-06: Home Equity Conversion Mortgage (HECM) - Delay in Effective Date for Financial Assessment and Property Charge Funding Requirements for the Payment of Certain Property Charges

2015-02: Home Equity Conversion Mortgage (HECM) Program: Policy Guidance and Certifications for Eligible and Ineligible Non-Borrowing HECM Spouses and Seasoning Requirements Guidance

2014-22: HECM Financial Assessment and Property Charge Requirements

2014-21: Revised Changes to the HECM Program Requirements

2014-12: New HECM Principal Limit Factors

2014-11: HECM Limit on Insurability of Fixed Interest Rate Products

2014-10: HECM Prohibits Misleading or Deceptive Program Descriptions or Advertising and Prohibits Restriction of Mortgagor Freedom of Choice

2014-07: HECM Non-Borrowing Spouse

2013-45: Delay HECMS Eff Date for Financial Assessment / Funding Reqmts

2013-33: HECM Mand Oblig; Life Expect Set-Asides; Purch Trans;

2013-28: Financial Assessment and Property Charge Guide

2013-28: Attachment: Property Charge Guide

2013-27: Changes to the HECM Program Requirements

2013-02: Amended Late Request for Endorsement Procedures

2013-01: Consolidation of Pricing Options and PLFs for Fixed Interest Rates

2012-17: HERMIT System for HECM Loans

2011-39: Maximum Mortgage Limits

2011-31: Rev HUD 92902, Cert of HECM Counseling/Clarification of Guidance

2011-29: New Maximum Mortgage Limits: Effective October 1, 2011

2011-26: Intermediaries Included on the HECM Counselor List

2011-16: Rescission of Borrower's Recourse

2011-09: Waiver of fees/activities on Certificate

2011-01: HECM Property Charge Loss Mitigation

2010-39: HUD-1 Settlement Statement Closing Certification

2010-39: Attachment

2010-37: Provide a List of Counseling Agencies

2010-34: HECM Saver; MIP and PLFs

2010-22: Submission of Case Binder Documents

2010-22: Attachment

2010-07: HECM Loan Forms & Guidance

2010-07: Attachments

2009-49: Subordinate Liens

2009-47: Counseling Standardization & Roster

2009-44: Debenture Interest and Claim Filing Instructions

2009-34: Principal Limit Factors

2009-21: HECM Refinances

2009-11: HECM for Purchase Program

2009-11: Attachment 1 Investment Examples

2009-10: Counseling Requirement

2009-07: Loan Limit Increases for FHA

2009-07: Attachment 1 Counties at the Ceiling

2009-07: Attachment 2 Counties between the Floor and Ceiling

2008-38: Clarifies Repayment & Terminations

2008-36: 2009 Maximum Mortgage Limits

2008-35: HECM Mortgage Limits Effective Immediately

2008-34: HECM Origination Fee - New Limits

2008-33: HECM for Purchase Program

2008-28: Prohibits Mortgagee Funded Counseling

2008-24: Requirements on Mortgage Originators

2008-14: Non FHA-Approved Mortgage Brokers

2008-12: Counseling Fee

2008-08: Fixed Interest Rate

2007-13: ARMs Addition of LIBOR Index

2007-08: Face-to-face Interviews

2007-06: Property Eligibility Requirements

2006-30: Mortgagee Approval Guidance on 4060.2 r2

2006-25: Counseling Requirements

2006-23: Elimination of Photo Identification Evidence

2006-22: Extension of Principal Limit Rate Lock

2006-20: Subordinate Liens & State & Local Court-Ordered Judgments & Judgment Liens

2006-07: Clarification of Mortgagee Letter 06-04 - Closing Costs

2006-06: Line of Credit Payment Option for Texas

2005-44: National HECM Counseling Network

2004-48: HECM Counseling Requirements Simplified

2004-39: Signature Reduction, Clarification of Required FHA Documents and Revised Instruction to "Residential Loan Application for Reverse Mortgages"

2004-27: Delayed Effective Date for Mortgagee Letter 2004-25 Instructions

2004-25: Clarification of counseling requirements

2004-22: Elimination of paper mortgage insurance certificates

2004-18: Refinancing Existing HECMs and Revision to the HECM Calculation Software

2003-22: Home Equity Conversion Mortgages (HECMs) -Procedural Guidance

2003-16: Home Equity Conversion Mortgage (HECM)-Interest Rate Lock-Ins

2002-12: Reinstatement of the Housing Counseling Notification Requirement

2001-18: CHUMS Programming Changes for HECM Processing

2001-16: Home Equity Conversion Mortgage Program (HECM) Servicing and Claim Issues

2000-34: HECMs in Texas (Supplement to Mortgagee Letter 00-09 dated March 8, 2000) and instructions on using HECM Mortgage Calculation Software (Supplement to Mortgagee Letter 99-36, dated December 10, 1999)

2000-10: Revisions to the Home Equity Conversion Mortgages (HECMs) Program

2000-09: Home Equity Conversion Mortgages (HECMs) in Texas

1999-36: Home Equity Conversion Mortgage Calculation Software

1999-02: Implementation of the Final Rule - HECM Consumer Protection Measures

1998-25: Optional New Loan Application Form

1998-03: Servicing Fee Cap Monthly Adjustable Loans

1997-38: Case Processing, System Issues, Coming Enhancements, Solving Roadblocks

1997-15: Implementation of Final Rule and Other Information

1996-15: Changes in Program Requirements

1995-54: Implementation of Direct Endorsement Program and New Disclosure Requirements on Reverse Mortgages to Consumers

1995-45: Lapse of Insuring Authority

1994-44: Claims Instructions for FHA-Insured Home Equity Conversion Mortgage

1993-22: Changes and Clarifications to HUD Handbook 4235.1

1991-01: Implementation of Certain Provisions of the 1990 Housing Legislation

1990-17: Changes and Amendments to HUD Handbook 4235.1

1988-38: Home Equity Conversion Mortgage Insurance Demonstration- Procedures for Applying for Reservations of Insurance Authority

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