Tuesday, September 1, 2009

HUD Final Rules on HECM Counselors Coming Tomorrow.

HUD will be publishing in tomorrow's Federal Register a final rule titled Home Equity Conversion Mortgage (HECM) Counseling Standardization and Roster.

The advance copy of tomorrow's Federal Register publication is HERE.
"This final rule amends HUD’s HECM program regulations by establishing testing standards to qualify individuals as HECM counselors eligible to provide HECM counseling to prospective HECM borrowers. The rule also establishes a HECM Counseling Roster (Roster) of eligible HECM counselors and provides for their removal for cause."
Originally created and posted on the Oregon Housing Blog.





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