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Value Appreciation Fair Housing Act (FHA)

Ballard Spahr LLP

NY Issues Shared Appreciation Mortgage Proposal for Underwater Borrowers

Ballard Spahr LLP on

New York's Department of Financial Services (DFS) has issued proposed regulations that authorize shared appreciation mortgages (SAMs) to be made to borrowers who are "underwater" on their mortgages. Under a SAM, the mortgage...more

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