Loss mitigation is the process of borrowers and mortgage servicers working together to create a plan to avoid foreclosure. This can be done in several different ways, including through forbearance, …

(1) The loss mitigation option permits the borrower to delay paying covered amounts until the mortgage loan is refinanced, the mortgaged property is sold, the term of the mortgage loan ends, or, for a …

Resources to help both servicers and borrowers manage delinquent mortgage loans and avoid foreclosure.

Sep 2, 2023 · While foreclosure is the legal process where lenders take over a property due to missed mortgage payments, loss mitigation involves working collaboratively with the borrower to find …

Sep 30, 2024 · If you’re falling behind on your mortgage payments, you could eventually face the loss of your home. Loss mitigation is a process designed to help you prevent the loss of your home and the …

Apr 22, 2025 · Learn how a mortgage loss mitigation option like a loan modification, forbearance, or repayment plan can help you avoid foreclosure and stay in your home.

FHA’s home retention options provide you with ways to bring your mortgage current and may reduce your monthly mortgage payment to help you avoid foreclosure and retain your home.

May 21, 2025 · When a borrower fails to make mortgage payments, their mortgage lender or servicer steps in to begin a process known as loss mitigation. There are several possible loss mitigation...

When a borrower fails to make mortgage payments, their mortgage lender or servicer steps in to begin a process known as loss mitigation. There are several possible loss mitigation...

Sep 30, 2025 · If you stop making your mortgage payments, you could be facing foreclosure. “Loss mitigation” is where we work with you to avoid that. This article explains what you need to know …