- determining the amount necessary to fully amortize the unpaid principal balance for the remaining term of the Mortgage;
- crediting all eligible prepayments; and
- not debiting any delinquency.
All Adjustable Rate Mortgage (ARM) adjustments affect interest rates only; negative amortization is not permitted.
Additional questions may be directed to the HUD National Servicing Center at (877) 622-8525.
For policy information see Handbook 4000.1 Section III.A.3.a. at https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh