HUD Updates Servicing Guidance for Forward, Reverse Mortgages

Late last week, the Federal Housing Administration (FHA) issued a series of updated, servicing-related guidance for Title II forward mortgages as well as Home Equity Conversion Mortgages. On Friday, FHA published Mortgagee Letter 16-02: Update of Preservation and Protection Requirements and Cost Reimbursement for Title II Forward Mortgages and HECMs. The new guidelines update the […]