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MBA Letter to FHA on HECM Claim Changes

2023 Comment Letters Government Lending Government Servicing Policy Issue Residential
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The Mortgage Bankers Association offers comments to the FHA Info 2023-25, Draft Mortgagee Letter Proposing Modifications to the Home Equity Conversion Mortgage (HECM) Assignment Claim Type 22 Submission Criteria. MBA strongly supports FHA’s proposed changes to HECM Assignment Claim Type 22 and applauds efforts by FHA to improve claims filing procedures to reduce administrative burdens, eliminate complexity and expedite claims payments. 

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