An agreement between a lender and a delinquent borrower to either bring a loan back on track or resolve the delinquency in some other way. Workouts often include extensions of the payback period to lower monthly payments and other adjustments to the loan terms.

Kiavi Closes $400 Million Rated Securitization of Residential Transition Loans, Locking in up to $1.3 Billion of Funding Capacity
Tech-enabled lender’s fifth rated securitization was 5X oversubscribed due to significant demand...
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