The Federal Housing Administration (FHA) on Tuesday issued an informational notice to mortgage lenders in which it reiterates various loss-mitigation options afforded to companies and borrowers who ...
On June 23, HUD announced 14 policy changes to the FHA Single Family mortgage insurance program designed to lower costs, reduce regulatory ...
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 ...
HUD recently released Mortgage Letter (ML) 2023-11 to update previously issued guidance on loss mitigation options for non-borrowers who acquire a title through an exempted transfer. The provisions ...
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Last year's update in the Federal Housing Administration's "waterfall" of actions servicers must take when borrowers go delinquent is creating a surge in trial modifications that presents a particular ...
We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...
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 ...
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