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Financial Distress Loss Mitigation

Holland & Knight LLP

CFPB Proposes New Restrictions on Mortgage Servicers Before Commencing Foreclosures

Holland & Knight LLP on

The Consumer Financial Protection Bureau (CFPB) on July 10, 2024, announced a proposed rule that would require servicers to more intently assist borrowers throughout a "loss mitigation review cycle" before being permitted to...more

Mayer Brown

US FHA Introduces Payment Supplement Loss Mitigation Option

Mayer Brown on

In an effort to help struggling borrowers stay in their homes, the US Department of Housing and Urban Development’s (“HUD” or “Department”) Federal Housing Administration (“FHA”) recently introduced its newest loss mitigation...more

Orrick, Herrington & Sutcliffe LLP

FHA reminds servicers of available HAF financial assistance

On March 24, FHA reminded servicers about their obligation to inform distressed homeowners about the availability of financial assistance for FHA-insured mortgages, including single-family forward mortgages and home equity...more

Downs Rachlin Martin PLLC

Vermont Establishes Economic Mitigation & Recovery Task Force

The task force is made up of three action teams. Vermont Governor Phil Scott and the Agency of Commerce and Community Development (ACCD) have established the State of Vermont Economic Mitigation and Recovery Task Force. The...more

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