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FHA Eases Requirements for HECM Claim Payments

In an effort to streamline the Home Equity Conversion Mortgage claim payment process, the Federal Housing Administration announced Monday that it has updated requirements for servicers assigning ... read more

FHA Revises HECM Servicing Requirements – NMP

In the new requirements, FHA-approved HECM servicers can use alternative supporting documentation in lieu of previously required materials that often resulted in delayed claim processing.For example, ... read more

FHA clarifies certification requirements to streamline HECM lending

FHA clarifies certification requirements to streamline HECM lending Proposes updates to annual and loan-level docs, does away with "jumbled legalese" May 9, 2019, 4:02pm by Jessica Guerin ... read more

FHA proposes earlier HECM claim submissions | JD Supra

On April 4, FHA issued FHA Info 2023-25, announcing proposed changes to the Home Equity Conversion Mortgage (HECM) program and documentation requirements for certain submission criteria. FHA ... read more

FHA eases document requirements for reverse mortgage insurance claims ...

The relaxed requirements, which take effect immediately, are designed to give servicers of Home Equity Conversion Mortgages more options when filing claims and speed up the payment process, the FHA ... read more

FHA Amends HECM Assignment Claim Type 22 Submission Requirements

FHA Amends HECM Assignment Claim Type 22 Submission Requirements. Britney ... submit a claim, a HECM Assignment ... of the original note and mortgage within 90 days of the FHA’s claim payment. read more

Propriety Reverse Mortgage Products Could Eclipse FHA's HECM Program in ...

Propriety Reverse Mortgage Products Could Eclipse FHA's HECM Program in 2019. ByJamie Hopkins, ... A few years back the HECM changed, requiring a larger upfront payment for many loans. read more