#hecm-program

#hecm-program

While understanding that the Federal Housing Administration (FHA) Home Equity Conversion Mortgage (HECM) program serves a vulnerable population, these attorneys tend to overlook the nature of the program itself.

NRMLA emphasizes the importance of adding clarity to H.B. 1306 regarding core FHA HECM features, ensuring borrowers understand their ongoing obligations.

Judge Kacsmaryk emphasized that the bank's filing lacked confirmation of discussions with government attorneys regarding Conway's testimony, which is essential under Texas civil rules.

The H.B. 1306 bill aimed to create a state-managed HECM program in Hawaii for older citizens, but faced legislative delays and has been effectively shelved for the year.