Semi-Annual Rate

Semi-Annual Rate

The Semi-Annual Rate is the rate in effect for debentures listed at https://www.hud.gov/hudpartners/housing-debenture-interest-rates. Servicer See Mortgage Servicer (Servicer). Servicing Fee Set-Aside (applicable to HECMs only) of the monthly servicing fee. Servicing File Servicing File refers to the Mortgagee’s record of all servicing activity on an FHA-insured Mortgage/HECM. Set-Aside (applicable to HECMs only) A Set-Aside refers to an amount of funds withheld by the Mortgagee from the Borrower’s HECM funds for payment of certain fees and expenses.