Mortgagee letter 2009-21, Home Equity Conversion Mortgage Refinancing of Existing Loans

SUBJECT:

Home Equity Conversion Mortgage Refinancing of Existing Loans This Mortgagee Letter informs Mortgagees and Housing Counseling Agencies that provide Home Equity Conversion Mortgage (HECM) counseling, of a technical correction that is applicable to the Federal Housing Administration (FHA) HECM Program. This Mortgagee Letter also reiterates and clarifies policy guidance that mortgagees must use when refinancing existing HECM mortgages. . .
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Tags: Counseling, Equity Conversion Mortgage, Existing Loans, Federal Housing Administration, FHA, hecm, Home Equity Conversion, Home Equity Conversion Mortgage, Mortgage Loans, Mortgage Refinancing, Mortgagees, Mortgages, Policy Guidance, Refinancing Loans, Refinancing Mortgages, reverse mortgage

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