FHA Single Family Housing Policy Handbook 4000.1, Part II — f. HECM Calculator Software (04/29/2024)

hud-4000-1-ii-f-hecm-calculator-software

FHA Single Family Housing Policy Handbook 4000.1, Part II — f. HECM Calculator Software (04/29/2024).

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  authority: FHA Single Family Housing Policy Handbook 4000.1, Part II — f. HECM Calculator Software (04/29/2024)
  description: FHA Single Family Housing Policy Handbook 4000.1, Part II — f. HECM Calculator Software (04/29/2024).
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      paragraph_quote: f. HECM Calculator Software (04/29/2024) i. Definition HECM Calculator Software refers to FHA’s technology software that is used to calculate the Principal Limit and for comparison analysis of different payment options. ii. Standard Mortgagees and HECM counselors must use computer printouts generated by FHA’s HECM Calculator Software, or similar software that generates the same information, for calculating the Principal Limit and providing the Borrower with a comparison of various payment plan options.

Verbatim regulatory text (1)

Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, Part II — f. HECM Calculator Software (04/29/2024) — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

FHA Single Family Housing Policy Handbook 4000.1, Part II — f. HECM Calculator Software (04/29/2024)

f. HECM Calculator Software (04/29/2024) i. Definition HECM Calculator Software refers to FHA’s technology software that is used to calculate the Principal Limit and for comparison analysis of different payment options. ii. Standard Mortgagees and HECM counselors must use computer printouts generated by FHA’s HECM Calculator Software, or similar software that generates the same information, for calculating the Principal Limit and providing the Borrower with a comparison of various payment plan options.

Source: FHA Single Family Housing Policy Handbook 4000.1, Part II — f. HECM Calculator Software (04/29/2024) · source URL · snapshot 8c03836f77f317e1