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HECM Collateral Assessment
Are there penalties if a Mortgagee forgets to notify HUD/FHA that they have uploaded their Home Equity Conversion Mortgage (HECM) appraisal in Electronic Appraisal Delvery (EAD) Portal and FHA Connection?
Can a Mortgagee obtain two concurrent Home Equity Conversion Mortgage (HECM) appraisals before the FHA collateral risk assessment, in anticipation of a requirement for a second appraisal?
If a HECM Collateral Risk Assessment is completed will an additional appraisal be required under the property flipping rules?
What if there are differences between the first and second Home Equity Conversion Mortgage (HECM) appraisals regarding required repairs for Minimum Property Requirements (MPR)?
What is the Collateral Risk Assessment Process for a Home Equity Conversion Mortgage (HECM)?
What is the effective date of the requirements for Home Equity Conversion Mortgages (HECM) in Mortgagee Letter 2018-06?
What is the purpose of issuing the Home Equity Conversion Mortgage (HECM) guidance contained in Mortgagee Letter 2018-06?
What will the Mortgagee or Borrower pay for FHA’s Home Equity Conversion Mortgage (HECM) Collateral Risk Assessment Process?
When a second appraisal is required on a Home Equity Conversion Mortgage (HECM) which appraisal is used to calculate the maximum claim amount?
Will a second appraisal be required on any Home Equity Conversion Mortgages (HECM) case numbers assigned prior to October 1, 2018?
Will FHA continue to perform a collateral risk assessment on Home Equity Conversion Mortgages (HECM) after September 30, 2019?
