For Home Equity Conversion Mortgages (HECM) that are due and payable, the “Due Date” is the date when:
- the Mortgagee notifies HUD that the mortgage became due and payable without HUD’s approval; or
- HUD approves the Mortgagee’s request to call the mortgage due and payable.
For HECMs with a Case Number assigned on or after August 4, 2014, where there is a deferral of “Due and Payable” status for an Eligible Non-Borrowing Spouse, the “Due Date” is the date when the Deferral Period ends.
For HECMs with a Case Number assigned before August 4, 2014, where there is a Surviving Non-Borrowing Spouse, Mortgagees must follow the “Due Date” requirements established in Mortgagee Letter (ML) 15-15.
For more information see MLs 15-15 and 15-10 available at https://www.hud.gov/program_offices/administration/hudclips/letters/mortgagee
Any additional questions may be directed to the FHA Resource Center at Toll-Free (800) CALLFHA (225-5342) or by email to firstname.lastname@example.org. Persons with hearing or speech impairments may reach this number by calling the Federal Information Relay Service at (800) 877-8339.