The U.S. Department of Housing and Urban Development (HUD) recently issued a final rule extending the maximum term of an FHA loan modification from 30 to 40 years. The rule is effective May 8, 2023.
American Bar Association’s Business Law Today March Month-In-Brief: Business Regulation & Regulated Industries - April 2023. On March 8, 2023, the Department of Housing and Urban Development (HUD) ...
A loan modification is an agreement between a borrower and a lender to permanently change the terms of a mortgage. You'll need to prove financial hardship in order to qualify for a loan modification.
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