Urgent Steps to Protect Reverse Mortgage Borrowers During the COVID-19 Public Health Crisis
A letter in response to the issuance of Mortgagee Letter 2020-04, to ask that HUD take certainsteps to ensure the ongoing housing stability of borrowers who have taken out reverse mortgagesunder FHA’s Home Equity Conversion Mortgage (HECM) program, and their non-borrowingspouses, in light of the current COVID-19 public health emergency.