Loan modifications are a long-term mortgage relief option for borrowers experiencing financial hardship, such as loss of income due to illness. A modification typically changes the loan’s rate, term ...

A mortgage loan modification can offer an opportunity for borrowers to get their monthly payment on their mortgage reduced to an amount they can afford. A mortgage loan modification may extend the ...

Discover the benefits and drawbacks of loan modification programs, eligibility requirements, and alternatives for struggling ...

With mortgage interest rates falling, homeowners are hunting for ways to cut their monthly payments. Refinancing remains ...

The Federal Housing Administration (FHA) announced this week that a final rule related to an increased 40-year loan modification term has been published in the Federal Register. The rule allows ...

I have been inundated with letters from borrowers who, for any number of reasons, can no longer afford their mortgage payment, although they could afford a lower payment. They want help getting their ...

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The Minnesota Home Ownership Center on Wednesday praised the Federal Trade Commission (FTC) for new rules that are aimed at ending mortgage modifications scams against consumers. Under the new ...

Late last year, the Federal Housing Administration reported their reserves had dropped below 2%. News that reserves had dipped below the Congress-set minimum spawned a call to bolster the weakening ...

Though critics say it's too little, US claims mortgage modification progress. WASHINGTON, Oct. 8, 2009 -- The Obama administration Thursday announced they have already met their goal of modifying ...

WASHINGTON — Jose Palomo was surprised when the knock on the door came in August, informing him that his California home had been foreclosed and he’d need to vacate promptly. After all, he’d recently ...

WASHINGTON (Reuters) - Just 4.3 percent of homeowners whose mortgage payments were cut under an Obama administration aid plan have received a permanent reduction, raising questions about the program's ...