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2. What is loss mitigation? - AOL

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

   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 ...

3. Loss mitigation - Wikipedia

   en.wikipedia.org/wiki/Loss_mitigation

   Loss mitigation has been a tool used by lenders for decades, but experienced tremendous growth since late 2006. [4] This rapid expansion was in response to the dramatic increase in foreclosures nationwide. [5] Prior to late 2006, early 2007; Loss Mitigation was a tiny department within most lending institutions.

4. Loan modification in the United States - Wikipedia

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

   SMP is designed to reduce distressed borrowers' monthly mortgage payments to an amount equal to 38 percent of their monthly gross income. To do so, servicers may, in the following order: Capitalize accrued interest, escrow advances and costs, if allowed by state law; Extend the term of the mortgage loan by up to 480 months;

5. Deed in lieu of foreclosure - Wikipedia

   en.wikipedia.org/wiki/Deed_in_lieu_of_foreclosure

   A deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings.

6. What is a mortgagee clause? - AOL

   www.aol.com/finance/mortgagee-clause-190100413.html

   The mortgage (or deed of trust). This is the document that serves as security for the loan. This is the document that serves as security for the loan. It conveys the property to the mortgagor ...

7. Government policies and the subprime mortgage crisis

   en.wikipedia.org/wiki/Government_policies_and...

   The Department of Housing and Urban Development (HUD) loosened mortgage restrictions in the mid-1990s so first-time buyers could qualify for loans that they could never get before. [136] In 1995, the GSE began receiving affordable housing credit for purchasing mortgage backed securities which included loans to low income borrowers.

8. IRS Form 1098: Mortgage Interest Statement - AOL

   www.aol.com/irs-form-1098-mortgage-interest...

   What Is Form 1098 Mortgage Interest Statement? Form 1098 is used to payments of mortgage interest, mortgage insurance premiums and points in excess of $600. Lenders and businesses that receive ...

9. List of banks acquired or bankrupted during the Great Recession

   en.wikipedia.org/wiki/List_of_banks_acquired_or...

   Mortgage lender January 29, 2007: American Freedom Mortgage: Chapter 11 bankruptcy and liquidation Mortgage lender February 21, 2007: First Merchant Bank: withdrawal of the concession Offshore bank [1] April 2, 2007: New Century: Chapter 11 bankruptcy and liquidation Mortgage lender [2] August 6, 2007: American Home Mortgage: Chapter 11 ...