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Guidance for Processing Interest Rate Reduction Requests
A HUD memo with guidance for processing interest rate reduction requests is now available on the NAHMA website. It will clarify the Office of Multifamily Housings procedures for processing requests to re-amortize and reduce the interest rate of an insured mortgage loan.
The memo can be found under the HUD tab of the NAHMA website, or you may view it directly by clicking this link.