FHA adopted rules amending the Home Equity Conversion Mortgage (HECM) program. The adopted rules: implement statutory changes; codify policies previously implemented by Mortgagee Letters under various statutory authorities; issue new origination and servicing policies; and clarify existing regulatory language. All policies previously implemented by Mortgagee Letters will remain in effect until the effective date of the adopted rules. The adopted rules become effective September 19, 2017.
FHA
FHA Revises and Streamlines Policy Established in Mortgagee Letters 2024-24 and 2025-12
FHA issued Mortgagee Letter (ML) 2025-14 revising and streamlining policy established in ML 2024-24 (Modernization of Engagement with Borrowers in Default) and providing clarifications to
June 4, 2025
