Home Equity Conversion Mortgage (HECM) Program: Mortgagee Optional Election Assignment for Home Equity Conversion Mortgages (HECMs) With FHA Case Numbers Assigned Prior to August 4, 2014-Response to Comments
On February 6, 2015, at 80 FR 6743, the Federal Housing Administration (FHA) published a notice to solicit public comment on the alternative path to claim paymentthe Mortgagee Optional Election Assignmentfor certain HECMs announced in Mortgagee Letter 2015-03. The public comment period on the February 6, 2015, notice closed on March 9, 2015. FHA received 7 public comments on the notice. In this notice, FHA responds to questions and comments raised by commenters.