Some third-party collectors charge lenders a fee to recover money from delinquentborrowers.
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They are also aimed at helping delinquentborrowers stay out of the foreclosure process.
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Currently, mortgage companies are hamstrung by contracts that force them to foreclose on delinquentborrowers.
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Banks also booked some loan-loss reverses as profit as an improving economy reduced the number of delinquentborrowers.
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They agreed to "pause" or delay pending foreclosures for delinquentborrowers by up to 30 days.
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Then there are collections from delinquentborrowers and from franchisees who depend on Nova Sicilia for their plant security.
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In September, FHA was expanded to allowed delinquentborrowers to refinance if they fell behind due to an interest rate spike.
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The step comes amid a growing furor over how the largest U.S. mortgage lenders are repossessing the homes of delinquentborrowers.
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First, securitization, whatever its other shortcomings, is not an important factor in stopping loan servicers from cutting deals with delinquentborrowers.
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The banks would also provide $17 billion in principal reduction and loan modifications for delinquentborrowers who are facing foreclosure.
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If servicers moved more quickly to modify loans or foreclose on delinquentborrowers, it could help the two firms to minimize losses.
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New Delhi has pledged to stop interfering in lending decisions and has made it more onerous for tycoons-turned- delinquentborrowers to get new loans.
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In one important provision, sources said, the reform would allow seriously delinquentborrowers to refinance their troubled loans despite having missed past mortgage payments.
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Servicing companies, the agency said, face the stress of dealing with many delinquentborrowers as the student loan market has grown rapidly and deteriorated.
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Some of these charge lenders a fee to recover money from delinquentborrowers, while others buy the debt and keep whatever they can recover.
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Not surprisingly, the word "bankruptcy," attached to the idea of delinquentborrowers, has run into a lot of resistance on Capitol Hill.