Published Article HUD Restores 2013 Discriminatory Effects Rule April 20, 2023 On March 17, 2023, in honor of Fair Housing Month, the U.S. Department of Housing and Urban Development announced it would reinstate the 2013 discriminatory effects rule under the Fair Housing Act. Published Article HUD Implements 40-Year Loan Modification Option April 3, 2023 On March 8, 2023, the Department of Housing and Urban Development ("HUD") published a final rule allowing mortgagees to modify a Federal Housing Administration ("FHA") insured mortgage by recasting the total unpaid loan for a new term limit of up to 480 months—up from the previous limit of 360 months—to cure a borrower's default. The effective date of the final rule is May 8, 2023.