Loss mitigation

Consumer survey on consumers' ability to weather loss of income
Kate Berry
May 10, 2020 9:00 PM

Complaints to the bureau hit an all-time high in April. More than one in five said servicers wouldn't grant deferrals, forced borrowers into forbearance or violated other requirements of the coronavirus relief law.

6 Min Read
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Bonnie Sinnock
April 7, 2020 2:28 PM

The share of borrowers seeking payment relief rose more than tenfold as COVID-19 concerns grew and authorities encouraged the practice, according to the Mortgage Bankers Association.

1 Min Read
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Brad Finkelstein
March 25, 2020 2:27 PM

The Department of Housing and Urban Development's 60-day foreclosure halt for Federal Housing Administration borrowers is too short to help reverse mortgage borrowers, a letter from consumer groups stated.

1 Min Read
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New York Gov. Andrew Cuomo promised a 90-day moratorium on mortgage payments for financially strapped New Yorkers because of the coronavirus.

2 Min Read