Tag Archives: HUD

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 Update of Preservation and Protection Requirements and Cost Reimbursement Procedures for Forward Mortgages and HECMs

This past Friday, the Federal Housing Administration (FHA) published Mortgagee Letter 16-02: Update of Preservation and Protection Requirements and Cost Reimbursement for Title II Forward Mortgages and Home Equity Conversion Mortgages (HECMs). This Mortgagee Letter…