# Office of the Assistant Secretary for Housing-Federal Housing Commissioner; Single Family Mortgage InsuranceLoss Mitigation Procedures
> **US Department of Housing and Urban Development** · Interim rule. · Published 1996-07-03 · Effective 1996-08-02 · 61 FR 35014
## Document
- **Document number:** 96-16869
- **Category:** hud-fha
- **Agency:** US Department of Housing and Urban Development
- **Federal Register citation:** 61 FR 35014
- **CFR reference:** 24 CFR 203
- **Publication date:** 1996-07-03
- **Effective date:** 1996-08-02
## Abstract

This interim rule amends 24 CFR part 203 to eliminate the Mortgage Assignment Program and to provide that HUD may: recompense mortgagees for using mortgage foreclosure alternatives, such as special forbearance, loan modifications, and deeds in lieu of foreclosure; pay the mortgagee a partial claim which would be applied to the arrearage of a defaulted mortgage; and accept assignment of a mortgage which the mortgagee has modified to cure the default.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1996/07/03/96-16869/office-of-the-assistant-secretary-for-housing-federal-housing-commissioner-single-family-mortgage)
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