Federal Register #FR-6568-N-05

HUD Announces Sale of Secretary-Held Reverse Mortgage Loans (HNVLS 2026-1)

The U.S. Department of Housing and Urban Development (HUD), through the Office of the Assistant Secretary for Housing-Federal Housing Commissioner, is announcing a sale of Secretary-held reverse mortgage loans (HECMs) under the HNVLS 2026-1 program. - Government Buyer: - U.S. Department of Housing and Urban Development (HUD) - Office of the Assistant Secretary for Housing-Federal Housing Commissioner - Opportunity Overview: - Sale of approximately 1,500 Secretary-held home equity conversion mortgage (HECM) notes - Total unpaid principal balance of about $465 million - Loans are first-lien, secured by occupied single-family properties - Borrowers and any borrowing or non-borrowing spouses are deceased; heirs have not come forward - Products/Services Requested: - Sale of financial assets (reverse mortgage loans), not physical products or services - Loans will be sold without FHA insurance and with servicing released - Notable Requirements: - Bidders must complete a Confidentiality Agreement, Qualification Statement, and Attestation Addendum - Compliance with federal regulations and Executive Order 14376 is required - Sale is intended to reduce risk to the Mutual Mortgage Insurance Fund and promote efficient asset disposition - Further details on sale structure, loan pool composition, and bidding procedures will be provided in future announcements - No OEMs or physical product vendors are involved, as this is a financial asset sale

Description

This notice updates HUD's announcement of its intention to offer home equity conversion mortgages (HECM) secured by occupied properties with an estimated bid date of September 1, 2026. The sale consists of due and payable Secretary-held reverse mortgage loans with a loan balance of approximately $465 million. These loans are first-liens secured by occupied real property where the borrower and any spouse are deceased and heirs have not come forward. The sale aims to reduce financial risk to the Mutual Mortgage Insurance Fund and promote efficient disposition of defaulted assets. Additional details on sale structure, loan pool composition, and bidding procedures will be provided in subsequent announcements.

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