FHA issued Mortgagee Letter 2017-05, consolidating and updating policy regarding the submission of Home Equity Conversion Mortgage (HECM) Claim Type 22 assignment requests. The Mortgagee Letter outlines the documentation needed to demonstrate that a HECM has been serviced in accordance with applicable HUD regulations and meets all assignment eligibility criteria. The consolidated and updated policies must be implemented no later than 90 days after the publication date of Mortgagee Letter 2017-05 (January 18, 2017). Servicers, may, however, implement the policies immediately for all new HECM Claim Type 22 assignment requests.
Rural Housing Service
RHS Updates Monthly Electronic Status Reporting Codes
RHS issued a SFH Guaranteed Servicing Notice (Notice) announcing updated Electronic Status Reporting codes for mortgage servicers. Per the Notice, Default Status Code 10 was
September 23, 2024
