What is the effective date of the requirements for Home Equity Conversion Mortgages (HECM) in Mortgagee Letter 2018-06?

The Mortgagee Letter is effective for all HECM  case numbers assigned on or after October 1, 2018.

For additional information see Mortgagee Letter 2018-06 available at: https://www.hud.gov/program_offices/administration/hudclips/letters/mortgagee

All policy information contained in this knowledge base article is based upon the referenced HUD policy document. Any lending or insuring decisions should adhere to the specific information contained in that underlying policy document.

Topic Number: 2018-0024