federal_register: 2024-16149
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
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| document_number | title | type | abstract | publication_date | pub_year | pub_month | html_url | pdf_url | agency_names | agency_ids | excerpts | regulation_id_numbers |
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| 2024-16149 | Single Family Housing Guaranteed Housing Payment Supplement Account Demonstration Program | Rule | The Rural Housing Service (RHS or the Agency), a Rural Development (RD) agency of the United States Department of Agriculture (USDA), is issuing this document for a demonstration program that will establish a new loss mitigation retention option, referred to as the Payment Supplement Account (PSA). The Agency's intention of this demonstration program is to assist borrowers who have experienced a documented hardship that led to an involuntary inability to pay their mortgage obligation, require payment reduction to resume making a monthly payment, and currently have a below market interest rate. This document briefly discusses a special servicing option for servicers to utilize to continue assisting struggling borrowers who seek loss mitigation alternatives, regardless of the nature of their hardship. | 2024-07-24 | 2024 | 7 | https://www.federalregister.gov/documents/2024/07/24/2024-16149/single-family-housing-guaranteed-housing-payment-supplement-account-demonstration-program | https://www.govinfo.gov/content/pkg/FR-2024-07-24/pdf/2024-16149.pdf | Agriculture Department; Rural Housing Service | 12,458 | The Rural Housing Service (RHS or the Agency), a Rural Development (RD) agency of the United States Department of Agriculture (USDA), is issuing this document for a demonstration program that will establish a new loss mitigation retention option,... |