Federal Housing Administration Non-Compliant HECM loans. The FHA and the Mortgage Bankers Association have come to an agreement on how to fix a problem arising from new FHA counseling requirements under the Home Equity Conversion Mortgage program, or HECM. Under current FHA rules, lenders cannot charge a fee upfront, at closing, or from the proceeds of a HECM loan, for reports ordered prior to a borrower’s required counseling. …