HECM (Reverse Mortgage) Counseling Fee Allowed

Housing Agencies that are approved to provide counseling services for HECM borrowers or their families may now charge a fee for their services.

And yes, it does matter if you are involved in HECM originations because there will be another charge to (most of) your clients - whom are elderly with limited income.

Fee Allowed for HECM Counseling Services
(Mortgagee Letter 2008-12, May 6, 2008)

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