Episode 8 – Financial Consumer Rights Talk – Know Your Rights Part II (RESPA). Loss Mitigation and Loan Modification Through the Real Estate Settlement Procedures Act
Episode 8 – Know Your Rights Part II. Loss Mitigation and Loan Modification Through the Real Estate Settlement Procedures Act (RESPA)
In episode 8 of the FCRT we discuss regulations governing loan modifications. The podcast highlights homeowner rights relating to RESPA and loss mitigation procedures including how to appeal a denial of a loan modification application, and rules that prohibit banks from conducting a foreclosure sale while a loss mitigation application is under review.