Loss Mitigation, Subprime Loans And Loan Servicing

Loss Mitigation Programs The primary objective of loss mitigation is to reduce or minimize potential losses incurred by the servicer, investor and borrower. Make no mistake about it; the investor will take the path of least financial loss. In other words, if there is equity in the property and the investor can recover some of their loss, they will foreclose and resell the property before agreeing to a modification of terms. It should also be noted that the rise in NOD and foreclosures is a nationwide problem and reaches beyond subprime loans. Loss mitigation options are needed for the entire spectrum of asset grades -- from A, to Alt-A and subprime. Co

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