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What is loss mitigation?

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, ...
HousingWire

Farewell, COVID-19 loss mitigation waterfall

The relaxed COVID-era waterfall will remain in place through Sept. 30 for all Title II single-family forward mortgage programs. The raft of full rescissions to COVID-era loss mitigation practices will ...
JD Supra

Updates to the Updates of FHA’s Servicing, Loss Mitigation, and Claims Processes

John Mostellar III, James Wright Jr. Mortgagee Letter 2025-12 is titled Tightening and Expediting Implementation of the New Permanent Loss Mitigation Options. The title of the mortgagee letter is ...
HousingWire

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

Servicers have known the loss mitigation waterfalls enacted during the COVID-19 pandemic were eventually going to change. But a recent acceleration of the new governance has left the industry with ...
JD Supra

HUD further revises servicing and claims requirements and loss mitigation options

In January 2025 the U.S. Department of Housing and Urban Development (HUD) issued Mortgagee Letter 2025-06 revising servicing and claims requirements and loss mitigation options for FHA insured ...