Notice2025-22409
Future of the HECM and HMBS Programs and Opportunities for Innovation in Accessing Home Equity; Re-Opening the Public Comment Period
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
December 10, 2025
Issuing agencies
Housing and Urban Development Department
Abstract
On October 2, 2025, the Department of Housing and Urban Development (HUD) published a Request for Information (RFI) in the Federal Register titled "Future of the HECM and HMBS Programs and Opportunities for Innovation in Accessing Home Equity." This RFI seeks public comments regarding the market for senior homeowners to access equity in their homes and possible improvements to the Home Equity Conversion Mortgage (HECM) and HECM mortgage-backed securities (HMBS) programs. The RFI provided for a 60-day comment period, which ended on December 1, 2025. This notice re-opens the comment period until January 5, 2026.
Full Text
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<title>Federal Register, Volume 90 Issue 235 (Wednesday, December 10, 2025)</title>
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[Federal Register Volume 90, Number 235 (Wednesday, December 10, 2025)]
[Notices]
[Pages 57214-57215]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-22409]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-6551-N-02]
Future of the HECM and HMBS Programs and Opportunities for
Innovation in Accessing Home Equity; Re-Opening the Public Comment
Period
AGENCY: Office of the Assistant Secretary for Housing--Federal Housing
Commissioner and the Government National Mortgage Association,
Department of Housing and Urban Development (HUD).
ACTION: Request for information; re-opening of comment period.
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SUMMARY: On October 2, 2025, the Department of Housing and Urban
Development (HUD) published a Request for Information (RFI) in the
Federal Register titled ``Future of the HECM and HMBS Programs and
Opportunities for Innovation in Accessing Home Equity.'' This RFI seeks
public comments regarding the market for senior homeowners to access
equity in their homes and possible improvements to the Home Equity
Conversion Mortgage (HECM) and HECM mortgage-backed securities (HMBS)
programs. The RFI provided for a 60-day comment period, which ended on
December 1, 2025. This notice re-opens the comment period until January
5, 2026.
DATES: The comment period for the RFI published on October 2, 2025, at
90 FR 47808, is re-opened until January 5, 2026. Late-filed comments
will be considered to the extent practicable.
ADDRESSES: Interested persons are invited to submit comments responsive
to this RFI. Copies of all comments submitted are available for
inspection and downloading at <a href="http://www.regulations.gov">www.regulations.gov</a>. To receive
consideration as public comments, comments must be submitted through
one of the two methods specified below. All submissions must refer to
the above docket number and title. Commenters are encouraged to
identify the number of the specific question or questions to which they
are responding. Responses should include the name(s) of the person(s)
or organization(s) filing the comment; however, because any responses
received by HUD will be publicly available, responses should not
include any personally identifiable information or confidential
commercial information.
1. Electronic Submission of Comments. Interested persons may submit
comments electronically through the Federal eRulemaking Portal at
<a href="http://www.regulations.gov">http://www.regulations.gov</a>.
2. Submission of Comments by Mail. Comments may be submitted by
mail to the Regulations Division, Office of General Counsel, Department
of Housing and Urban Development, 451 7th Street SW, Room 10276,
Washington, DC 20410-0500.
FOR FURTHER INFORMATION CONTACT: Elizabeth Davis, Housing Program
Officer, Office of Housing, Department of Housing and Urban
Development, 451 7th Street SW, Room 9262-9280, Washington, DC 20410-
0500; telephone number 202- 202-402-4491 or (800) CALL-FHA (1-800-225-
5342); email <a href="/cdn-cgi/l/email-protection#156673737070717774767e557d60713b727a63"><span class="__cf_email__" data-cfemail="b8cbdededddddcdad9dbd3f8d0cddc96dfd7ce">[email protected]</span></a>. HUD welcomes and is prepared to
receive calls from individuals who are deaf or hard of hearing, as well
as individuals with speech and communication disabilities. To learn
more about how to make an accessible telephone call, please visit:
<a href="https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs">https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs</a>.
SUPPLEMENTARY INFORMATION: On October 2, 2025, HUD published in the
Federal Register an RFI entitled ``Future of the HECM and HMBS Programs
and Opportunities for Innovation in Accessing Home Equity.'' The RFI
provided for a 60-day comment period, which ended on December 1, 2025.
However, due to the Federal government shutdown that occurred on
October 1, 2025, HUD has decided to re-open the comment period until
January 5, 2026, to give commenters additional time to provide market
feedback on opportunities to enhance the HECM and HMBS programs and the
appropriate role of these programs in facilitating
[[Page 57215]]
access to home equity for senior homeowners.
Frank Cassidy,
Principal Deputy Assistant Secretary for Housing.
Joseph Gormley,
Executive Vice President and Chief Operating Officer for Ginnie Mae.
[FR Doc. 2025-22409 Filed 12-9-25; 8:45 am]
BILLING CODE 4210-67-P
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