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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.  At the end of FY2019, FHA’s HECM portfolio had MMI Capital (formerly referred to as economic net worth) of negative $5.92 billion and a standalone capital ratio of negative 9.22 percent. FHA must develop changes that ensure the program is fiscally sustainable.  To address these concerns, HUD proposes to establish certain changes to the HECM program, consistent with the mandates of Housing Finance reform, and to codify other provisions issued previously under the Reverse Mortgage Stabilization Act.