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    <RIN_INFO>
        <RIN>2502-AI79</RIN>
        <PUBLICATION>
            <PUBLICATION_ID>201410</PUBLICATION_ID>
            <PUBLICATION_TITLE>The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions</PUBLICATION_TITLE>
        </PUBLICATION>
        <AGENCY>
            <CODE>2502</CODE>
            <NAME>Office of Housing</NAME>
            <ACRONYM>OH</ACRONYM>
        </AGENCY>
        <PARENT_AGENCY>
            <CODE>2500</CODE>
            <NAME>Department of Housing and Urban Development</NAME>
            <ACRONYM>HUD</ACRONYM>
        </PARENT_AGENCY>
        <RULE_TITLE>Federal Housing Administration (FHA): Strengthening the Home Equity Conversion Mortgages (HECM) Program to Promote Sustained Homeownership (FR-5353)</RULE_TITLE>
        <ABSTRACT><![CDATA[This rule would make several significant changes to the regulations for the Home Equity Conversion Mortgage (HECM) program.  The HECM program is FHA's reverse mortgage program that enables senior homeowners who have equity in their homes to withdraw a portion of the accumulated equity.  The original intent of the HECM program was to ease the financial burden on elderly homeowners facing increased health, housing, and subsistence costs at a time of reduced income.  The impacts of the recent financial crisis, including a decline in property values, shrinking retirement accounts, and changing mortgagor demographics, have adversely impacted the Mutual Mortgage Insurance Fund (MMIF), and have placed seniors with HECMs at an increased risk of losing their homes due to their inability to make tax and insurance payments.  These program changes would realign the HECM program with its original intent, and thereby aid in the restoration of the MMIF and help ensure the continued availability of this important program.  Several of the proposed regulatory changes have already been implemented through Mortgagee Letter pursuant to the authority conferred to HUD by the Reverse Mortgage Stabilization Act of 2013 to establish different or alternative requirements for the HECM program.  This proposed rule would update the regulations by codifying these changes announced through Mortgagee Letter.  HUD is also proposing several other regulatory changes.]]></ABSTRACT>
        <PRIORITY_CATEGORY>Other Significant</PRIORITY_CATEGORY>
        <RIN_STATUS>Previously Published in The Unified Agenda</RIN_STATUS>
        <RULE_STAGE>Proposed Rule Stage</RULE_STAGE>
        <MAJOR>No</MAJOR>
        <UNFUNDED_MANDATE_LIST>
            <UNFUNDED_MANDATE>No</UNFUNDED_MANDATE>
        </UNFUNDED_MANDATE_LIST>
        <CFR_LIST>
            <CFR>24 CFR 206.19</CFR>
            <CFR>24 CFR 206.32</CFR>
            <CFR>24 CFR  206.25</CFR>
            <CFR>24 CFR 206.27</CFR>
            <CFR>24 CFR 206.29</CFR>
            <CFR>24 CFR 206.38.24</CFR>
            <CFR>24 CFR 206.51</CFR>
            <CFR>24 CFR 206.53</CFR>
            <CFR>24 CFR 206.105</CFR>
            <CFR>24 CFR 206.107</CFR>
            <CFR>24 CFR 206.124</CFR>
            <CFR>24 CFR 206.129</CFR>
            <CFR>24 CFR 206.140, 206.142</CFR>
            <CFR>24 CFR 206.203, 19</CFR>
            <CFR>24 CFR 206.58</CFR>
            <CFR>24 CFR 206.47</CFR>
        </CFR_LIST>
        <LEGAL_AUTHORITY_LIST>
            <LEGAL_AUTHORITY>12 USC 1715b, 1715z to 1720</LEGAL_AUTHORITY>
            <LEGAL_AUTHORITY>42 USC 3535(d)</LEGAL_AUTHORITY>
        </LEGAL_AUTHORITY_LIST>
        <LEGAL_DLINE_LIST/>
        <RPLAN_ENTRY>No</RPLAN_ENTRY>
        <TIMETABLE_LIST>
            <TIMETABLE>
                <TTBL_ACTION>NPRM</TTBL_ACTION>
                <TTBL_DATE>02/00/2015</TTBL_DATE>
            </TIMETABLE>
        </TIMETABLE_LIST>
        <RFA_REQUIRED>No</RFA_REQUIRED>
        <SMALL_ENTITY_LIST>
            <SMALL_ENTITY>No</SMALL_ENTITY>
        </SMALL_ENTITY_LIST>
        <GOVT_LEVEL_LIST>
            <GOVT_LEVEL>None</GOVT_LEVEL>
        </GOVT_LEVEL_LIST>
        <FEDERALISM>No</FEDERALISM>
        <ENERGY_AFFECTED>No</ENERGY_AFFECTED>
        <PRINT_PAPER>No</PRINT_PAPER>
        <INTERNATIONAL_INTEREST>No</INTERNATIONAL_INTEREST>
        <AGENCY_CONTACT_LIST>
            <CONTACT>
                <FIRST_NAME>Karin</FIRST_NAME>
                <LAST_NAME>Hill</LAST_NAME>
                <TITLE>Senior Advisor, Office of the Deputy Assistant Secretary for Single Family Housing</TITLE>
                <AGENCY>
                    <CODE>2502</CODE>
                    <NAME>Office of Housing</NAME>
                    <ACRONYM>OH</ACRONYM>
                </AGENCY>
                <PHONE>202 708-3084</PHONE>
                <MAILING_ADDRESS>
                    <STREET_ADDRESS>451 7th Street SW.,</STREET_ADDRESS>
                    <CITY>Washington</CITY>
                    <STATE>DC</STATE>
                    <ZIP>20410</ZIP>
                </MAILING_ADDRESS>
            </CONTACT>
        </AGENCY_CONTACT_LIST>
    </RIN_INFO>
</REGINFO_RIN_DATA>
