FHA Mortgagee Letter 2023-06 Establishment of the 40-Year Loan Modification Loss Mitigation Option

March 09, 2023

The Federal Housing Administration (FHA) announced that the 40-year Standalone Loan Modification had been incorporated into FHA’s COVID-19 Loss Mitigation policies in HUD Handbook 4000.1, effective no later than May 8, 2023.

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