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FHA adds 40-year loan term to COVID-19 arsenal

FHA adds 40-year loan term to COVID-19 arsenal

The Federal Housing Administration told mortgage servicers that they can now offer a 40-year loan term as a COVID-19 recovery option.

The post FHA adds 40-year loan term to COVID-19 arsenal appeared first on HousingWire.

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FHA adds 40-year loan term to COVID-19 arsenal
FHA adds 40-year loan term to COVID-19 arsenal
FHA adds 40-year loan term to COVID-19 arsenal
FHA adds 40-year loan term to COVID-19 arsenal
housingwire housingwire | 2 years ago
The Federal Housing Administration told mortgage servicers that they can now offer a 40-year loan term as a COVID-19 recovery option. The post FHA adds 40-year loan term to COVID-19 arsenal appeared first on HousingWire.
The Federal Housing Administration told mortgage servicers that they can now offer a 40-year loan term as a COVID-19 recovery option. The post FHA adds 40-year loan term to COVID-19 arsenal appeared first on HousingWire.
FHA unveils 40-year loan modification option
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housingwire housingwire | 2 years ago
The Federal Housing Administration (FHA) is moving to expand its COVID-19 loss mitigation β€œwaterfall” by introducing a 40-year loan modification option and is asking the mortgage industry for input. The post FHA unveils 40-year loan modification option appeared first on HousingWire.
The Federal Housing Administration (FHA) is moving to expand its COVID-19 loss mitigation β€œwaterfall” by introducing a 40-year loan modification option and is asking the mortgage industry for input. The post FHA unveils 40-year loan modification option appeared first on HousingWire.
FHA to offer 40-year mods to COVID-affected borrowers
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This move is in addition to the recent notice filed by the Department of Housing and Urban Development about its interest in creating a permanent 40-year option.
This move is in addition to the recent notice filed by the Department of Housing and Urban Development about its interest in creating a permanent 40-year option.
Industry supports FHA’s 40-year loan term option β€” with caveats
Industry supports FHA’s 40-year loan term option β€” with caveats
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housingwire housingwire | 1 year ago
Several trade groups support FHA's proposed rule to include a 40-year loan modification option in its loss mitigation handbook. The post Industry supports FHA’s 40-year loan term option β€” with caveats appeared first on HousingWire.
Several trade groups support FHA's proposed rule to include a 40-year loan modification option in its loss mitigation handbook. The post Industry supports FHA’s 40-year loan term option β€” with caveats appeared first on HousingWire.
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