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, ...

The Consumer Financial Protection Bureau issued an Interim Final Rule (IFR) that will make it easier for consumers to transition out of financial hardship caused by the COVID-19 pandemic and easier ...

The Consumer Financial Protection Bureau (CFPB or Bureau) issued an interim final rule (IFR) on June 23, 2020 that temporarily permits mortgage servicers to offer to borrowers impacted by the ...

WASHINGTON, July 1 -- The Bureau of Consumer Financial Protection has issued a rule (12 CFR Part 1024), published in the Federal Register on June 30, entitled: "Treatment of Certain COVID-19 Related ...

On June 23, 2020, the Consumer Financial Protection Bureau (CFPB) posted on its website an interim final rule that creates a temporary exception to certain loss mitigation obligations of mortgage loan ...

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 ...

Mortgage servicers will soon be able to embrace a digital loss mitigation process without fear of punishment by the Consumer Financial Protection Bureau. The CFPB announced Friday that it is issuing a ...

Regulatory uncertainty can hinder the development of innovative products and services with the potential to benefit consumers. To encourage innovation, last year, the CFPB introduced an improved NAL ...

The Consumer Financial Protection Bureau will give mortgage servicers limited regulatory cover to offer forbearance and loss-mitigation options to their customers suffering financial hardship due to ...

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 ...