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 ...

There is mounting evidence that mortgage servicing companies participating in the Home Affordable Modification Program are failing to meet their obligations under the program. Borrowers and the ...

The Hope Now Alliance has launched a new website in a further attempt to work through some of the wrinkles that have plagued both the Home Affordable Mortgage Program (HAMP) and other loan ...

Loss mitigation is a process that helps borrowers avoid foreclosure through options like modification or forbearance. Homeowners may qualify for loan modification, forbearance or repayment plans ...

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 ...

Homeowner Toolbox Inc. is helping homeowners wade through the complexities associated with the loan modification process and teaches users how to avoid the roadblocks that prevent consumers from ...

It appears that many at the Treasury Department are keeping their fingers crossed as December 31 approaches. That is the date by which a large number - nearly 375,000 - of loan modifications will have ...

CRED iQ’s research team has been closely monitoring loan modifications during this period of significantly elevated interest rates. As expected, loan modifications surged in 2023 as borrowers worked ...

A loan modification is often billed as a lifeline for homeowners in trouble. But if you ask Johnnie Jefferson, an 85-year-old resident of Richmond, TX, she’d tell you that a loan modification has ...

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The Obama Administration is gearing up to play hardball with mortgage companies that only temporarily lower struggling homeowners’ monthly payments. But as the drive to make more loan modifications ...

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