General World News

HUD publishes several changes to reverse mortgage handbook section

The U.S. Department of Housing and Urban Development (HUD) on Monday published a new version of its Single Family Housing Handbook 4000.1, which includes numerous updates to its guidance for the Home Equity Conversion Mortgage (HECM) program overseen by the Federal Housing Administration (FHA).

“Today’s update clarifies instructions, adds new guidance, and incorporates previously published Mortgagee Letters (ML) in Sections I, II, III, and IV as well as Appendix 7.0,” HUD explained in an informational notice about the updates.

While there are dozens of changes published throughout the full document, details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com