On September 3, 2013, HUD released Mortgagee Letter 13-27. In it HUD made substantive changes to the Home Equity Conversion Mortgage (HECM) program that would go into effect on September 30, 2013. The changes outlined in this ML, forced Math Corporation to revise both eZMathReverse and the ZMathReverse Engine. Those changes have been made and both products were made available to our customers on September 29, 2013!So, if you are a user of eZMathReverse, you need to use the new method (2013) for any transaction having a case number assigned on September 30, 2013 or later. Please review the Mortgagee Letter for reference as there are issues that may affect your entries in the eZMathReverse calculator. You need to address issues like Mandatory Obligations, additional Principal Limit, the correct MIP rates, etc., etc. Also, depending on your results, your borrower may choose to make changes to how you've structured the transaction to better fit their needs. So, there will be times when multiple runs of the product will be needed.If you are a user of the ZMathReverse Engine and you have not responded to our contact with you, you need to let us know that you're ready for the engine. Once you get in touch with us, we can have the software delivered immediately.These changes are significant! You need to look them over, understand them and apply them to the way you structure your transactions. As always, if you have any questions, please feel free to contact us!