Federal Housing Administration

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FHA Issues Due and Payable Waivers for Reverse Mortgage Non-Borrowing Spouses 

Oct 01, 2020By

The Federal Housing Administration (FHA) on Thursday announced the issuance of temporary waivers for non-borrowing spouses (NBS) of Home Equity Conversion Mortgage (HECM) borrowers, superseding the instructions of two previously released Mortgagee Letters (MLs) due to ongoing concerns related to the COVID-19 coronavirus pandemic. “Eligible HECM NBS currently have 90 days after the death of […]

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