Loss mitigation is a way for mortgage lenders to help borrowers who are struggling to make their monthly payments avoid losing their homes. You can keep your home with many loss mitigation options, ...

We are seeing tremendous transformation within the loss mitigation space. Remedies for distressed borrowers previously limited to bankruptcy relief have seen significant expansion through the creation ...

Both the FHA and VA have established new loss mitigation options to provide payment reduction to delinquent borrowers. On February 21, 2024, the Federal Housing Administration (“FHA”) within the U.S.

Mortgage servicers have spent the past couple of years watching as federal housing agencies adopted various strategies to help borrowers who entered forbearance due to the COVID-19 pandemic but ...

Defaulting on mortgage payments could prompt your lender to initiate a foreclosure proceeding against you. If you’re unable to get caught up on payments, that could result in the loss of the home.

JACKSONVILLE, Fla., March 9, 2023 /PRNewswire/ -- Today, Black Knight, Inc. (BKI) (NYSE: BKI) announced that LoanCare, a top national provider in full-service, component and interim mortgage loan ...

One of the plethora of new procedures enacted in the 2016 General Assembly’s legislative session is a concept which is being dubbed a “judgment of loss mitigation.” The procedure seems straightforward ...

Fitch Inc. said a subprime mortgage servicer survey it conducted in the first quarter found that repayment and forbearance plans are becoming less effective for resolving loan defaults. Liquidating ...

SAN FRANCISCO--(BUSINESS WIRE)-- Wells Fargo & Company (WFC) today confirmed that the Office of the Comptroller of the Currency (OCC) terminated its 2021 consent order related to loss mitigation ...

Co announces that it has learned that Michael Steinman, sr vice president and chief actuary, Assurant Solutions /Assurant Specialty Property and Dan Folse, vice president-risk management, Assurant ...