News & Analysis as of

Department of Housing and Urban Development Fixed-Rate Loans Loss Mitigation

Alston & Bird

FHA and VA Announce New Loss Mitigation Options

Alston & Bird on

What Happened? Both the FHA and VA have established new loss mitigation options to provide payment reduction to delinquent borrowers.  On February 21, 2024, the Federal Housing Administration (“FHA”) within the U.S....more

Bradley Arant Boult Cummings LLP

FHA Announces New Loss Mitigation Payment Supplement Option

Amidst record-level interest rates, on February 21, 2024, the Federal Housing Administration (FHA) announced a new loss mitigation option, the Payment Supplement, to aid struggling borrowers. The Payment Supplement will bring...more

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