Disaster recovery for mortgage servicers: Navigating crisis with compliance & resilienceDuring disasters, clear communication from servicers is crucial for borrower understanding.Robust infrastructure and compliance are essential for effective crisis management in servicing.
FHA will implement modern borrower default engagement practicesThe FHA facilitates remote communication between lenders and defaulting borrowers through its new mortgage guidance, acknowledging the effectiveness of virtual methods introduced during the pandemic.
State bodies told to come together to refine solutions for those in mortgage arrearsThe Cabinet has approved a report advocating improved communication for borrowers struggling with mortgage payments, aiming to enhance awareness of available support options.