Confusing cause and effect is one of the most common logical fallacies. It's a principal component of most propaganda. It's also known as the correlation/causation error, Post Hoc Ergo Propter Hoc or the false cause fallacy.
Loss Mitigation. Loss mitigation is a process used by mortgage lenders to work with buyers who are delinquent on their home loans. Through the loss mitigation process, a lender may modify the terms of a home loan, allowing the homeowner to sell the property for less than is owed, or transfer the deed back to the lender. The goals of loss mitigation are to reduce the potential loss being incurred by a lender when the borrower is delinquent.
This can work two ways. It can be mortgage life insuranceâa policy which pays the loan if you are deceased, or it could be âmortgage insuranceâ which simply pays the bank if you default on the loan. Mortgage insurance is sometimes touted as protection in the event of the loss of your job or the onset of a disability.his can work two ways. It can be mortgage life insuranceâa policy which pays the loan if you are deceased, or it could be âmortgage insuranceâ which simply pays the bank if you default on the loan. Mortgage insurance is sometimes touted as protection in the event of the loss of your job or the onset of a disability.