Tag: Mortgagee Optional Election

FHA Mortgagee Letter 2019-15 – Updates to Mortgagee Optional Election (MOE) Assignment for Home Equity Conversion Mortgages (HECMs) with FHA case numbers assigned prior to August 4, 2014 – Dated September 23, 2019

Written by: Tracey Rumsey, Staff Writer Although this update is more investor or servicer oriented, there are a couple of important take-aways for those of you that originate HECM loans. Rule Synopsis: Effective for HECM case numbers assigned prior to August 4, 2014 the Mortgagee Optional Election Assignment (MOE) for HECMs is updated as follows: […]

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