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» FHA Finalizes New Partial Claim Loss-Mitigation Option
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FHA Finalizes New Partial Claim Loss-Mitigation Option
March 1, 2024
Monica Hogan
With the new FHA payment supplement loss-mitigation option, servicers will be able to temporarily lower a delinquent borrower’s monthly payment by up to 25%, and up to 30% of the loan’s balance can be directed into a junior lien as a partial claim.
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