#loss-mitigation tag

VA urged to revise elements of proposed partial claim rules

VA Home Loan Program Reform Act establishes a new partial claim option for distressed borrowers, positioned as the seventh step in loss-mitigation procedures with retroactive eligibility to May 1, 2025.

Real estate

fromwww.housingwire.com

6 months ago

FHA extends loss-mitigation deadline for mortgage servicers

FHA replaced the pandemic-era loss-mitigation waterfall, added minor servicing changes, and set an Oct. 1 servicer deadline to protect the MMIF and taxpayers.

fromwww.housingwire.com

7 months ago

VA mortgage partial claim restoration faces timing challenges

President Donald Trump signed the VA Home Loan Program Reform Act in late July, adding a partial claim option to the VA's loss-mitigation waterfall. The move brings the VA's approach closer to that of the Federal Housing Administration (FHA) and the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac. It replaces both a partial claim program that sunset two years ago and the Biden administration's Veterans Affairs Servicing Purchase (VASP)

US politics

#hud

fromwww.housingwire.com

8 months ago