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Are mortgagees required to re-amortize the total amount due over 360 month period?

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Are mortgagees required to re-amortize the total amount due over 360 month period?

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Yes, per Mortgagee Letter 2009-35, the Mortgagee must re-amortize the total unpaid amount due over a 360 month period from the due date of the first installment required under the modified mortgage.

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