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2. What is loss mitigation? - AOL

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

   The FHA also announced that it has extended its full offerings of temporary mortgage loss mitigation options through April 30, 2025. These options were previously planned to expire on October 30 ...

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...

   The program was built as collaboration with banks, services, credit unions, the FHA, the VA, the USDA and the Federal Housing Finance Agency, to create standard loan modification guidelines for lenders to take into consideration when evaluating a borrower for a potential loan modification.

5. Federal Housing Administration - Wikipedia

   en.wikipedia.org/wiki/Federal_Housing_Administration

   The Federal Housing Administration (FHA), also known as the Office of Housing within the Department of Housing and Urban Development (HUD), is a United States government agency founded by President Franklin Delano Roosevelt, established in part by the National Housing Act of 1934.

6. Flex Modification Program (FMP): Everything you need to know

   www.aol.com/finance/flex-modification-program...

   The program can reduce payments by up to 20 percent and move past-due payments to your principal balance instead of making it due upfront. The Flex Modification program makes your loan current ...

7. Mortgage note: What is it and how does it work? - AOL

   www.aol.com/finance/mortgage-note-does-211132255...

   Unless you contact your lender to come up with a loss mitigation plan (such as forbearance or a modification), the lender will proceed with foreclosure actions until the home is sold. This can ...