HECM Resources |
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| | Materials and Resources for Counselors HECM Program Materials
HECM Training Resources
HECM Program Materials - HUD Handbook 4235.1 REV-1 is the basic program handbook for the HECM program. However, it was published in 1994, and some of the key program rules have changed since then, as explained in later HUD mortgagee letters, HECM regulations, and amendments to the HECM statute. The original 1994 Handbook can be downloaded from http://www.hud.gov/offices/adm/hudclips/handbooks/hsgh/4235.1/index.cfm
HECM Mortgagee Letters are issued by HUD to make official changes in the HECM program. As new mortgagee letters come out, they modify and supersede parts of the HECM Handbook, so for the most up-to-date and information, you need to read the Mortgagee Letters. - HECM Regulations are issued by HUD to implement amendments to the HECM statute enacted by Congress.
- HECM Statute is the basic federal law that governs the HECM program. (This document is in 'PDF' format. Click here if you need to download Acrobat Reader.)
Top HECM Training Resources - NeighborWorks America presently offers three courses on HECMs.
- NEW - HO104el HECM Counseling Basics - an eLearning course that can be used to satisfy the training requirement for the HUD HECM Roster. For more information, click here.
- HO111 - For New HECM Couselors
- HO272 - For Agency Administrators, Program Managers & Counselors
- HO275 - For Experienced HECM Counselors
- Upcoming Training Opportunities - Not all courses are offered in all venues
- HUD Multi-Course Training - Denver - March 22-26, 2010 - CLASS FULL
- NeighborWorks Training Institute - Phoenix - May 3-7, 2010
- HUD Multi-Course Training - Boston - May 17-21 - CLASS FULL
- NeigbborWorks Training Institute - Philadelphia - August 16-20, 2010
- HECM for Purchase webinars - August 13 & 26, September 2 & 28- REGISTRATION INFORMATION HERE
- NeighborWorks Training Institute - Washington, DC - December 6-10 - Not Yet Open for Registration
HO111: Home Equity Conversion Mortage Training Manual - This is the training manual used in NeighborWorks' 2-day introductory HECM counselor training. It has been updated to April 2009, and includes a wealth of information and references, including all the mortgagee letters up to the revision date. (This document is in 'PDF' format. Click here if you need to download Acrobat Reader.)
Technical Topics - These specialized briefings provide detailed information for HECM counselors on these key topics. HECM Terminology - HECM Roles
- HECM Interest Rates
- TALC Disclosures
- HECM Property Repairs
- Housing Options
- State Variations
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