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2. What is loss mitigation? - AOL

   www.aol.com/finance/loss-mitigation-131710263.html

   Loss mitigation means a mortgage lender or servicer will offer relief or repayment options to a borrower struggling to keep up with their loan payments. Your servicer might refer to this process ...

3. Loss mitigation - Wikipedia

   en.wikipedia.org/wiki/Loss_mitigation

   Loss Mitigation was only needed for extreme cases due to the homeowners ability to repeatedly refinance and avoid defaulting. Beginning in 2007 the mortgage industry nearly collapsed. Large numbers of lenders went out of business and the rest were forced to eliminate all of the loan programs that were most prone to foreclosure. [6]

4. Hope Now Alliance - Wikipedia

   en.wikipedia.org/wiki/Hope_Now_Alliance

   Hope Now describes the assistance that it provides to homeowners as loan workouts, a form of loss mitigation. These workouts can either result in establishing a modified repayment plan with the homeowner to bring them up to date, or a loan modification where the terms of the mortgage are modified in order to make the loan serviceable for the ...

5. Loan modification in the United States - Wikipedia

   en.wikipedia.org/wiki/Loan_modification_in_the...

   Loan modification is the systematic alteration of mortgage loan agreements that help those having problems making the payments by reducing interest rates, monthly payments or principal balances. Lending institutions could make one or more of these changes to relieve financial pressure on borrowers to prevent the condition of foreclosure.

6. Guide to first-time homebuyer loans and programs - AOL

   www.aol.com/finance/guide-first-time-homebuyer...

   It also requires you to pay for private mortgage insurance (PMI), a type of policy that protects your mortgage lender should you stop paying back your loan. You’ll pay these premiums until you ...

7. Pandemic mortgage forbearance draws to a close, but new ...

   www.aol.com/finance/pandemic-mortgage...

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