Loss Mitigation

Prommis and Radian Partner to Save Homes 

Two mortgage solutions providers, loss mitigator Prommis Solutions and insurer Radian Group [stock RDN][/stock], are pairing up to save homeowners in jeopardy of foreclosure. In May, Prommis reached 4,600 homeowners with mortgages insured by Radian, and utilizing loan modifications and forbearance plans — a tool designed to usher payments into current by making full payments each month with a smaller deposit on delinquent amounts — the duo expects to save thousands of homes over the next several years.