BusinessCoronavirus A 40-year mortgage? Ginnie Mae is giving it a shot By Deanna B. Narveson - July 1, 2021 FacebookTwitterLinkedinEmailPrint Some homeowners with federally backed mortgages may soon be able to pay off the balance over a period of as long as 40 years, as part of one modification being considered to help those impacted by the… Already an INSIDER? Sign in.