Loss mitigation in mortgage is a process that lenders use to help borrowers avoid foreclosure and perhaps even stay in their homes. More commonly, lenders help you transition out of your home without ...

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 ...

On July 10, 2024, the Consumer Financial Protection Bureau issued a proposed rule that would scuttle the current Regulation X mortgage servicing procedures in favor of a system that broadly construes ...

On July 10, the CFPB proposed a rule to amend RESPA regulations originally issued in 2013 regarding the responsibilities of mortgage servicers. The rule removes the definition of “loss mitigation ...

The FHA has extended the deadline for servicers to comply with a new loss mitigation framework to Dec. 30. The changes aim to support homeownership and protect taxpayer dollars. AI Summary The Federal ...

Falling behind on your mortgage payments is an incredibly stressful situation. When you miss multiple payments, the lender may start the foreclosure process to take possession of your home. However, ...

AUSTIN, Texas--(BUSINESS WIRE)--Flueid, the leading real estate technology company using title data and insights to fuel transactions from end-to-end, today announced the launch of its new Loss ...

MBA, ABA, NMSA sign joint letter seeking to simplify & clarify the plan, as well as to extend the time to implement it. The Federal Housing Administration (FHA) on May 31 proposed a new home-retention ...

New white paper says policymakers should preserve the critical features mortgage servicers implemented throughout the pandemic. For the Mortgage Bankers Association (MBA), the future of mitigating ...

First American Mortgage Solutions LLC, a part of the First American family of companies, today announced completion of a strategic integration with default/loss mitigation workflow provider ...