Page 1457
b. Non-Incentivized Loan Modification Reporting (10/01/2025)
The Mortgagee must report the characteristics of all Loan Modifications for which no claim is filed in FHA Connection (FHAC) within 90 Days of the executed Loan Modification. These characteristics are the following:
• Mortgage Amount – The amount of the modified Mortgage.
• Interest Rate – The new interest rate for the modified Mortgage.
• Agreement Date – This must be before the new first payment date and at least 90 Days from the last agreement date. It is recommended that the execution date is entered in this field. For instances in which this is not possible, the approval date may be used.
• First Payment Date – The new first payment due date after the Mortgage was modified.
• Maturity Date – The new maturity date for the modified Mortgage.
Page 1458
III. SERVICING AND LOSS MITIGATION B. Title II Insured Housing Programs Reverse Mortgages
1. Servicing of FHA-Insured HECMs