Second Notice of HUD Non-Vacant Loan Sale (HNVLS 2026-1)
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Summary
AI summary — grounded in the notice text
This HUD notice announces an updated, second sale of due-and-payable Secretary-held reverse mortgage (HECM) loans secured by occupied properties, called HNVLS 2026-1, with a loan balance of about $465 million. It sets the bid date, bidder registration process, and eligibility rules for prospective bidders. This is not directly relevant to PHA housing programs but informs interested parties about HUD's loan sale procedures and bidder qualification requirements.
Key Quotes
Verbatim from the notice
“This notice updates the announcement issued on January 21, 2026 (91 FR 2555) of HUD's intention to offer a number of home equity conversion mortgages”
Verbatim from the notice
“The sale will consist of due and payable Secretary-held reverse mortgage loans with a loan balance of approximately $465 million.”
Verbatim from the notice
“HUD is offering approximately 1,500 reverse mortgage notes with a loan balance of approximately $465 million.”
Key Dates
- Published
- Aug 10, 2026
Compliance deadlines
- Aug 4, 2026Bidder Information Package (BIP) made available to qualified bidders
- Sep 1, 2026Bids accepted from 10:00 a.m. to 1:00 p.m. ET on the Bid Date
- Sep 3, 2026HUD anticipates awards will be held on the Award Date