FHA Announces Streamlined Claim Payment Requirements in Home Equity Conversion Mortgage Program

WASHINGTON – The Federal Housing Administration (FHA) today announced revised requirements for Home Equity Conversion Mortgage (HECM) servicers when they assign FHA-insured reverse mortgages to the agency for claim payment.
Source: https://www.hud.gov/press/press_releases_media_advisories/HUD_No_18_124