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 ...

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 ...

Both the FHA and VA have established new loss mitigation options to provide payment reduction to delinquent borrowers. On February 21, 2024, the Federal Housing Administration (“FHA”) within the U.S.

Leah Campbell, Christian Hancock, James Wright Jr. In a bid to avoid a wave of COVID-19-related foreclosures, the Department of Housing and Urban Development (HUD) published Mortgagee Letter 2021-18 ...