Notwithstanding the conveyance, sale, or assignment requirements for payment of a claim elsewhere in this part, HUD may pay the mortgagee, in accordance with procedures prescribed by HUD, for the following foreclosure alternative actions, in such amounts as HUD determines:

1. (a) Assumptions under § 203.512;
2. (b) Special forbearance under §§ 203.471 and 203.614;
3. (c) Recasting or modification of defaulted mortgages under § 203.616, where the mortgagee is not reimbursed under § 203.405(a);
4. (d) Refinancing under § 203.43(c).

[61 FR 35019, July 3, 1996]