Subordination Agreement (applicable to HECMs only)
Last updated 2026-08-01
FHA Single Family Housing Policy Handbook Glossary November 26 2025
Updated 2026-08-01
A Subordination Agreement refers to an action necessary to correct the recordation order when the second HECM has been inadvertently recorded before the first. Recording a Subordination Agreement for the second HECM must result in the Mortgagee’s HECM lien being a first mortgage lien.
FHA Single Family Housing Policy Handbook Glossary November 26 2025
p. 55
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