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What is loss mitigation?

Loss mitigation is a way for mortgage lenders to help borrowers who are struggling to make their monthly payments avoid losing their homes. You can keep your home with many loss mitigation options, ...
While clearly resembling the COVID-19-era forbearance framework, the California Mortgage Forbearance Act goes further than the CARES Act and also governs the back-and-forth interactions between the ...
・Forbearance lets you pause student loan payments temporarily but interest continues to accrue during that time. ・It should only be used for short-term hardship, since repeated or extended forbearance ...