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 ...

A coalition of six organizations representing mortgage companies and borrowers has sent a letter to the Federal Housing Administration (FHA), urging the extension of the current loss-mitigation ...

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, ...

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 ...

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 ...

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 ...

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, ...