The U.S. Department of Housing and Urban Development (HUD) announced last week that it’s seeking public comments about possible improvements to the Home Equity Conversion Mortgage (HECM) and HECM mortgage-backed securities (HMBS) programs.

Through a request for information (RFI) in the Federal Register, HUD, along with the Federal Housing Administration (FHA) and Ginnie Mae, are aiming to assess the role of the HECM and HMBS programs in helping seniors access home equity while identifying potential improvements.

The request lists 21 questions for consideration. These include any regulatory or other administrative changes HUD should make; whether lenders have a details ⇒

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