Loss mitigation is a process that helps borrowers avoid foreclosure through options like modification or forbearance.

The Consumer Financial Protection Bureau issued an Interim Final Rule (IFR) that will make it easier for consumers to transition out of financial hardship caused by the COVID-19 pandemic and easier ...

The Consumer Financial Protection Bureau will give mortgage servicers limited regulatory cover to offer forbearance and loss-mitigation options to their customers suffering financial hardship due to ...

Regulatory uncertainty can hinder the development of innovative products and services with the potential to benefit consumers. To encourage innovation, last year, the CFPB introduced an improved NAL ...