Examples of Loss Mitigation in a sentence
Loss mitigation programs are broadly defined to include any program that eases the credit terms to an impaired borrower for purposes of mitigating loan losses.
Loss mitigation programs are broadly defined to include any program that eases the credit terms to a borrower for purposes of mitigating loan losses.
Loss mitigation option means an alternative to foreclosure offered by the owner or assignee of a mortgage loan that is made available through the Servicer to the borrower.
Loss mitigation application means an oral or written request for a loss mitigation option that is accompanied by any information required by the Servicer for evaluation for a loss mitigation option.
Loss mitigation letter sent— when the servicer sends the loss miti- gation letter to the borrower as re- quired by § 36.4350(g)(1)(iv).