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The Home Equity Conversion Mortgage (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. Through authority granted to HUD in the Reverse Mortgage Stabilization Act of 2013 to implement additional or alternative requirements necessary to improve the fiscal safety and soundness of the HECM program, and the Housing and Economic Recovery Act of 2008, HUD has made significant changes to the Home Equity Conversion Mortgage (HECM) program by mortgagee letter. This rule codifies those program changes in the HECM regulations. This rule also makes several additional origination and servicing changes to the HECM program which will continue to stabilize the program, address gaps resulting from changing housing markets and borrower demographics, and enhance the HECM program’s sustainability. Together, these program changes would realign the HECM program with its original intent, continue to strengthen Mutual Mortgage Insurance Fund and help ensure the continued availability of this important program for our aging seniors.