I think that article is incorrect. The FHA is allowing modification of existing mortgages to 40 year terms to prevent default. Not new 40 year mortgages: https:

I think that article is incorrect. The FHA is allowing modification of existing mortgages to 40 year terms to prevent default. Not new 40 year mortgages: https://nationalmortgageprofessional.com/news/fha-oks-modifying-mortgages-40-year-terms https://nationalmortgageprofessional.com/news/fha-oks-modify...