This memorandum is for clients that originate FHA HECM reverse mortgages. On October 22, 2018, the FHA issued Mortgagee Letter 2018-08 (ML 2018-08, click here) that provides updated guidance regarding the submission of HECM assignment requests to HUD. This guidance is effective immediately and modifies or supersedes Mortgagee Letter 2017-05, where there is conflict. The text of ML 2018-08 is reprinted below:
Full Memorandum
