FHA first proposed the 40-year loan modification on April 1. The new option is intended to help borrowers who can’t achieve a minimum targeted 25% reduction in the principal and interest (P&I) portion ...

The Federal Housing Administration (FHA) announced this week that a final rule related to an increased 40-year loan modification term has been published in the Federal Register. The rule allows ...

The Federal Housing Administration wants to allow mortgages to extend to 40-year terms. The federal agency suggests the move would protect borrowers against default if they had lower monthly payments.

The Federal Housing Administration (FHA) is moving to expand its COVID-19 loss mitigation “waterfall” by introducing a 40-year loan modification option and is asking the mortgage industry for input.

If you’re thinking about buying a home, an FHA loan might be worth considering. FHA loans exist to help people — especially ...