The FHA has several measures in the regulatory pipeline primed for proposal and final action in the first half of 2016, according to the Department of Housing and Urban Development’s semiannual regulatory agenda. The regulatory agenda, however, comes with a caveat: action dates and rulemaking timelines are tentative, depending on the urgency of the rule. HUD plans to propose a rule in February that would codify program changes over the past two years in the Home Equity Conversion Mortgage regulations. The updated HECM policies and requirements address financial assessments, property charges, lien seasoning, non-borrowing spouse certifications and deferral periods. Also included in the codification proposal are revised rules pertaining to partially funded life expectancy set-aside and servicing fee set-aside. In addition, the proposed rule would make several other changes to HECM origination and servicing to ...