# Single Family Mortgage InsuranceLoss Mitigation Procedures
> **US Department of Housing and Urban Development** · Final rule. · Published 1997-11-06 · Effective 1998-02-01 · 62 FR 60124
## Document
- **Document number:** 97-29374
- **Category:** hud-fha
- **Agency:** US Department of Housing and Urban Development
- **Federal Register citation:** 62 FR 60124
- **CFR reference:** 24 CFR 203
- **Publication date:** 1997-11-06
- **Effective date:** 1998-02-01
- **Docket:** Docket No. FR-4032-F-04
## Abstract

This rule implements as final an interim rule that 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/1997/11/06/97-29374/single-family-mortgage-insuranceloss-mitigation-procedures)
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