Tag Archives: FHA

Revised HECM Financial Assessment and Property Charge Guide

This week, the Federal Housing Administration (FHA) published Mortgagee Letter 2016-10. This Mortgagee Letter: Announces and transmits an updated HECM Financial Assessment and Property Charge Guide; Revises the calculation of the growth rate (compounding interest…

HUD Solicits Feedback on Non-Borrowing Spouse Changes to Reverse Mortgage Program

Last week, the Federal Housing Administration (FHA) announced an amendment to HECM program regulations and requirements concerning due and payable status where there is a Non-Borrowing Spouse at the time of loan closing, consistent with…