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CFR > Title 24 - Housing and Urban Development > SUBTITLE B—Regulations Relating to Housing and Urban Development > CHAPTER II—OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (parts 200 to 291) > SUBCHAPTER B—MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIES (parts 201 to 266) > PART 257—HOPE FOR HOMEOWNERS PROGRAM > SUBPART B—Eligibility Requirements and Underwriting Procedures (§257.102 to §257.122) > 257.122—Forgiveness or waiver of prepayment penalties and default fees.
257.122—Forgiveness or waiver of prepayment penalties and default fees.
The holder or servicer of the existing senior and subordinate mortgages shall either forgive or waive all prepayment penalties and delinquency and default fees.