No. The only loss mitigation options available to HECM borrowers is that provided in Mortgagee Letters 2015-11 and 2016-07.
Mortgagee Letters are available at: https://www.hud.gov/program_offices/administration/hudclips/letters/mortgagee
Additional questions may be directed to the FHA Resource Center toll-free at (800) CALLFHA (225-5342) or be email at email@example.com.
HQ Policy Determination