#loss-mitigation
#loss-mitigation

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#mortgage-servicing #hud #housing-policy #va-home-loan #partial-claim #foreclosures #foreclosure-prevention

fromwww.housingwire.com

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

fromwww.housingwire.com

Real estate

An end to pandemic-era loss mitigation provisions is not a return to norms

fromwww.housingwire.com

Remodel

HUD walks back mortgage default guidance as too burdensome'

fromwww.housingwire.com

Real estate

An end to pandemic-era loss mitigation provisions is not a return to norms

fromwww.housingwire.com

Remodel

HUD walks back mortgage default guidance as too burdensome'

fromwww.housingwire.com

Industry reacts to FHA's loss mitigation changes

The Federal Housing Administration's recent changes to mortgage mitigation are seen as beneficial for borrowers and lenders alike.

fromwww.housingwire.com

Farewell, COVID-19 loss mitigation waterfall

FHA will end relaxed COVID-era mortgage practices on Sept. 30, introducing stricter loss mitigation rules from Oct. 1.

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