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 ...

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 ...

Stavvy’s Loss Mitigation Solution is a fully customizable and mobile-friendly platform. Homeowners and servicers can complete all necessary tasks — from upfront application and processing to final ...

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 ...

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 ...

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, ...

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 ...

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 ...

Wed, May 21, 2025 at 6:35 PM UTC When a borrower fails to make mortgage payments, their mortgage lender or servicer steps in to begin a process known as loss mitigation. There are several possible ...

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, ...