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Loss Mitigation - Wikipedia
Loss mitigation is used to describe This is a process whereby a lender accepts a payoff that is less than the principal balance of a homeowner's mortgage, with less equity less homeowners are able to qualify for home equity line of credits or a second mortgage in order to pay for ... Read Article
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Commercial and retail banking, mortgage financing and servicing, consumer finance and asset management: mortgages and home equity lines of credit. After the PNC merger, ... Read Article
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An interest-only loan is a loan in which, for a set term, unable to refinance due to lack of equity, "Those households are losing from 11 to 17 cents for each dollar they put into a faster mortgage payoff", ... Read Article
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