In the News

Title

NRMLA News

Document Type

Article

Publication Date

2-2017

Abstract

Last year, NRMLA commented on three proposed rules published by HUD: one that would make further changes to the HECM program; a supplement to that proposal that would require mandatory assignments of HECM reverse mortgages at 98 percent of the maximum claim amount; and another that would modernize the department’s condo approval and recertification rules. The comment periods are closed and now we await publication of the final rules.