Home Foreclosures: 6.2.3.2.5 Periodic review of loss mitigation—24 C.F.R. § 203.605
Unlike the face-to-face meeting requirement, the periodic evaluation regulation at 24 C.F.R. § 203.605 is significantly underutilized in the case law. The regulation states, in part: “Before four full monthly installments due on the mortgage have become unpaid, the mortgagee shall evaluate on a monthly basis all of the loss mitigation techniques provided at § 203.501 to determine which is appropriate.”