22-EA-08: HUD - Increased Forty-Year Term for Loan Modifications

On April 1, 2022, the Department of Housing and Urban Development (HUD) published a notice of proposed rulemaking (NPRM) inviting comment on its proposal to allow mortgagees to modify a Federal Housing Administration (FHA) insured mortgage by recasting the total unpaid loan for a new term limit of 480 months to cure a borrower’s default.

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