Safeguard Properties - HUD ML 2009-44

HUD ML 2009-44

Tuesday, 03 November 2009

The Dept. Of Housing and Urban Development has released Mortgagee Letter (ML) HUD ML 2009-44 titled, "Home Equity Conversion Mortgage (HECM) Program -- Clarification of Debenture Interest Calculation for HECM Claim Type 21; Claim Filing Instructions for HECM Claim Types 21 and 24"

The purpose of this Mortgagee Letter is to provide clarification of the debenture interest calculation for HECM Claim Type 21 (Foreclosure or Deed-in-Lieu of Foreclosure). In addition, this Mortgagee Letter also provides updated filing instructions for HECM Claim Type 21, and for HECM Claim Type 24 (Supplemental).

The clarifications provided in this Mortgagee Letter are effective immediately.

To view the Mortgagee Letter in its entirety, please click here.

Additional links

Claim Filing Instructions HECM Foreclosure or Deed-in-Lieu of Foreclosure Claim Type 21 HECM Supplemental – Claim Type 24

About Safeguard
Safeguard Properties is the largest privately held field services company in the country. Located in Cleveland, Ohio and founded in 1990 by Robert Klein, Safeguard has grown from a regional preservation company with a few employees and a handful of contractors performing services in the Midwest, to a national company with over 700 employees. Safeguard is supported by a nationwide network of subcontractors able to perform any requested superintendence, preservation, and maintenance functions, as well as numerous ancillary services in the U.S., the Virgin Islands, and Puerto Rico.