Tag Archives: Loss Mitigation

Funding from the Congressionally-funded National Foreclosure Mitigation Counseling (NFMC) program provides counseling for at-risk homeowners who are working with their servicers to avoid foreclosure.

With Treasury recently announcing the allocation of the final $2 billion in Hardest Hit Fund money and HAMP set to expire at the end of the year, servicers are ramping up their efforts to reach at-risk borrowers.

There has been a growing trend in the number and type of foreclosure prevention actions completed by the GSEs since the start of the conservatorships.

Nicole Harmon, VP of Foreclosure Mitigation Programs at Neighborworks America, recently spoke with DS News about what the milestone of counseling two million homeowners through the NFMC means for the mortgage industry.

What does Treasury have in place for the mortgage industry after HAMP expires on December 30, 2016?

The Making Home Affordable program is beginning to wind down; how successful has the program been at helping homeowners avoid foreclosure and remain in their homes?

In this installment of Counsel's Corner, Larry Buckley and Adam Womack of Buckley Madole discuss a few of the things that can delay foreclosure or bankruptcy proceedings.

Ocwen Financial Corporation and the City of Milwaukee have announced an initiative to provide substantial assistance to homeowners in Milwaukee who want to keep and repair their homes, according to an announcement from Ocwen.

Foreclosure alternatives continue to outpace foreclosure sales by a wide margin.

Both GSEs have made a substantial push in the last year to follow the directive of their conservator, the Federal Housing Finance Agency, to excise NPLs and deeply delinquent loans from their residential mortgage portfolios.