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    <RIN_INFO>
        <RIN>0575-AC85</RIN>
        <PUBLICATION>
            <PUBLICATION_ID>201010</PUBLICATION_ID>
            <PUBLICATION_TITLE>The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions</PUBLICATION_TITLE>
        </PUBLICATION>
        <AGENCY>
            <CODE>0575</CODE>
            <NAME>Rural Housing Service</NAME>
            <ACRONYM>RHS</ACRONYM>
        </AGENCY>
        <PARENT_AGENCY>
            <CODE>0500</CODE>
            <NAME>Department of Agriculture</NAME>
            <ACRONYM>USDA</ACRONYM>
        </PARENT_AGENCY>
        <RULE_TITLE>Implement Two New Loss Mitigation Authorities</RULE_TITLE>
        <ABSTRACT><![CDATA[The Section 502 Single Family Guaranteed Loan Program intends to publish a final rule to revise sections 1980.302 and 1980.373 to  incorporate two new loss mitigation authorities that were granted through the passage of Bill S896 (Pub. L. 111-22). The forty year loan amortization authority allows for an existing Section 502 Single Family Guaranteed Loan Program loan to have its maturity date extended up to forty years from the date of loan modification to increase the affordability of the borrowers monthly mortgage payment.  The partial claim (Mortgage Recovery Advance) authority allows for the capitalzation of up to 12 months mortgage payments to include principal, interest, taxes, and insurance, and foreclosure costs, not to exceed 30 percent of the unpaid principal balance.  The Mortgage Recovery Advance will be a recorded lien in subordinate priority to the existing first trust lien.  No interest will accrue on the Mortgage Recovery Advance.  The payment of the Mortgage Recovery Advance is not due until:

(i) the maturity of the modified mortgage, 
(ii) a sale of the property, or 
(iii) a pay-off or refinancing of the mortgage.  There will be no monthly payment required from the borrower.

Additionally, the Section 502 Single Family Guaranteed Loan Program is enhancing its current loan modification policy to allow for the capitalization of legal fees and foreclosure costs related to a canceled action into the modified principal balance. The existing policy allows for the capitalization of principal, interest, taxes and insurance amounts in the modified loan amount.]]></ABSTRACT>
        <PRIORITY_CATEGORY>Substantive, Nonsignificant</PRIORITY_CATEGORY>
        <RIN_STATUS>First Time Published in The Unified Agenda</RIN_STATUS>
        <RULE_STAGE>Completed Actions</RULE_STAGE>
        <MAJOR>No</MAJOR>
        <UNFUNDED_MANDATE_LIST>
            <UNFUNDED_MANDATE>No</UNFUNDED_MANDATE>
        </UNFUNDED_MANDATE_LIST>
        <CFR_LIST>
            <CFR>7 CFR 1980 subpart D</CFR>
        </CFR_LIST>
        <LEGAL_AUTHORITY_LIST>
            <LEGAL_AUTHORITY>5 USC 301</LEGAL_AUTHORITY>
            <LEGAL_AUTHORITY>7 USC 1989</LEGAL_AUTHORITY>
            <LEGAL_AUTHORITY>42 USC 1480</LEGAL_AUTHORITY>
        </LEGAL_AUTHORITY_LIST>
        <LEGAL_DLINE_LIST/>
        <RPLAN_ENTRY>No</RPLAN_ENTRY>
        <TIMETABLE_LIST>
            <TIMETABLE>
                <TTBL_ACTION>Final Action</TTBL_ACTION>
                <TTBL_DATE>08/26/2010</TTBL_DATE>
                <FR_CITATION>75 FR 52429</FR_CITATION>
            </TIMETABLE>
        </TIMETABLE_LIST>
        <RFA_REQUIRED>No</RFA_REQUIRED>
        <GOVT_LEVEL_LIST>
            <GOVT_LEVEL>None</GOVT_LEVEL>
        </GOVT_LEVEL_LIST>
        <FEDERALISM>No</FEDERALISM>
        <ENERGY_AFFECTED>No</ENERGY_AFFECTED>
        <PRINT_PAPER>No</PRINT_PAPER>
        <INTERNATIONAL_INTEREST>No</INTERNATIONAL_INTEREST>
        <AGENCY_CONTACT_LIST>
            <CONTACT>
                <FIRST_NAME>Stuart</FIRST_NAME>
                <LAST_NAME>Walden</LAST_NAME>
                <TITLE>Senior Loan Specialist</TITLE>
                <AGENCY>
                    <CODE>0575</CODE>
                    <NAME>Rural Housing Service</NAME>
                    <ACRONYM>RHS</ACRONYM>
                </AGENCY>
                <PHONE>202 690-4507</PHONE>
                <EMAIL>stuart.walden@wdc.usda.gov</EMAIL>
                <MAILING_ADDRESS>
                    <STREET_ADDRESS>U.S. Department of Agriculture, 1400 Independence Avenue, SW, STOP 0784,</STREET_ADDRESS>
                    <CITY>Washington</CITY>
                    <STATE>DC</STATE>
                    <ZIP>20720</ZIP>
                </MAILING_ADDRESS>
            </CONTACT>
        </AGENCY_CONTACT_LIST>
    </RIN_INFO>
</REGINFO_RIN_DATA>
