Loss Mitigation
Last updated 2026-08-01
CFPB
Updated 2026-08-01
Loss mitigation refers to the steps mortgage servicers take to work with a mortgage borrower to avoid foreclosure. Loss mitigation refers to a servicer’s responsibility to reduce or “mitigate” the loss to the investor that can come from a foreclosure. Certain loss-mitigation options may help you stay in your home. Other options may help you leave your home without going
CFPB Mortgage Terms
CFPB · pp. 19–23
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