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

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 ...

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 ...

The Flex Modification program helps homeowners experiencing financial hardship to extend their loan term and reduce principal and interest payments. The program can reduce payments by up to 20 percent ...

FDIC Chairman Sheila C. Bair has announced that IndyMac Federal Bank FSB will implement a new program to systematically modify troubled mortgages. The program is designed to achieve affordable and ...

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 ...

If you’re struggling to make your monthly mortgage payment, Fannie Mae and Freddie Mac have a new loan modification program so your home stays out of foreclosure — and you stay put. The program, ...

WASHINGTON (Reuters) - A U.S. program aimed at helping struggling homeowners avoid foreclosure has been oversold by the Treasury Department and is likely to be a failure when it wraps up in 2012, a ...

Her persistence has paid off. A loan modification has come through -- after a certified mortgage counselor associated with the Virginia Foreclosure Prevention Task Force recently intervened on their ...

A loan program that can help with housing costs is flying under the radar in Berkshire County. The Home Modification Loan Program is a state-funded initiative that provides up to $50,000 in financing ...

The Consumer Financial Protection Bureau suggests that lenders may be overzealous in repossessing cars. By Ann Carrns Black homeownership has declined in the city and nationally in the last 20 years, ...

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 ...