Opinion: IMB servicers do a better job than banks on loss mitigation
IMB servicers are now doing a much better job than the banks did in 2008 to work with defaulted borrowers and implement loss mitigation.
Source: housingwire.com
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USDA, VA tease loss mit, tribal land initiatives
This summer, the Department of Veterans Affairs will introduce a new kind of a "last-ditch effort" to keep veterans in homes, by making servicers whole and putting the delinquent borrowers on an exclusive interest rate.
Source: nationalmortgagenews.com