This proposed rule would revise HUD policy concerning the Home Equity Conversion Mortgage Program (HECM). HECM was designed to provide senior citizens a mechanism to utilize the equity in their homes.  This program has been costly to FHA as claims on the HECM program have cost the Mutual Mortgage Insurance fund billions of dollars in claims in recent years, but has also created operational burdens and complexity in programmatic requirements that have limited the accessibility to the program for the population it was meant to serve.  FHA must develop changes that ensure the program is fiscally sustainable, while still serving the needs of seniors.  To address these concerns, HUD proposes to establish certain changes to the HECM program, including providing additional Borrower protections consistent with the goals of the Program, ensuring uniformity in servicing requirements across the portfolio providing that mortgagees will retain the servicing of the HECM rather than assigning it to HUD, and codifying other provisions issued previously under the Reverse Mortgage Stabilization Act.