FHA increased the home equity conversion mortgage (HECM) limits for 2020. The maximum claim amount for FHA-insured HECMs in 2020 will be $765,600 (an increase from $726,525). The maximum claim amount of $765,600 is also applicable to the special exception areas of Alaska, Hawaii, Guam, and the Virgin Islands. The HECM limits apply to HECMs with case numbers assigned on or after January 1, 2020.
State Compliance Summary
Arizona Permits Employees to Work at Remote Locations
Arizona adopted a rule permitting employees (including loan originators) to work at remote locations. Under the adopted rule, a mortgage banker licensed under the Mortgage
February 24, 2025
