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 ...

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 ...

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, 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 ...

Housing industry pros are largely supportive of the raft of changes the Federal Housing Administration made related to the COVID-19 era loss mitigation waterfall. “The issue is less what they ...

On July 10, 2024, the Consumer Financial Protection Bureau (CFPB or Bureau) proposed a rule to amend provisions of its Mortgage Servicing Rules to significantly revamp requirements relating to ...

(The Center Square) – Income tax should not be paid on money provided through state-based catastrophe loss mitigation programs, says a U.S. Senate proposal from North Carolina Republican Thom Tillis.

In recent months, multiple law firms have launched federal securities class actions against SLM Corporation, alleging that it misrepresented rising early stage delinquencies in its private education ...

Auto loans and retail installment contracts are often referred to by industry executives as paper. When Craig Paterson began his career in automotive, many of the tasks he had to complete were done on ...