Loss mitigation options following a declared disaster often include forbearance programs for affected borrowers. When such forbearance periods conclude, lenders implement structured workout arrangements. These arrangements, tailored to individual borrower circumstances, aim... Read more »
Federally-backed mortgage loan workout options available to borrowers impacted by declared disasters typically involve temporary suspensions of mortgage payments (forbearance) followed by a formalized plan to bring the loan current. These workout... Read more »
