#loss-mitigation

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Real estate
fromwww.housingwire.com
5 days 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
3 weeks 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
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