The Federal Housing Administration (FHA) is proposing to establish a maximum time period for lenders to file insurance claims and to revise its policy on reimbursement of eligible expenses and debenture interest when foreclosure and claim filing deadlines are missed. The FHA’s proposal would require lenders to submit claims three months from the point at which they obtain marketable title to the property or successfully sell the properties to a third party. The FHA’s policy would also eliminate the requirement that lenders and servicers must forfeit reimbursement for eligible expenses and debenture interest after missing a deadline. Under the new rule, lenders and servicers will receive the applicable reimbursement, subject to a deduction based on the number of days the foreclosure or claim filing deadline was past due. The proposed rule will be open for public comment for 60 days.