Despite pressure on banks to work with struggling borrowers affected by the mortgage crisis, many homeowners still complain about delays, runarounds and lost paperwork as they try to modify their ...

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 ...

If you’re seeking more affordable mortgage payments, a loan modification or a refinance could both help. Loan modifications are for homeowners experiencing financial hardship who are unable to make ...

Adjustments to the home retention program will take effect in December The Federal Housing Finance Agency (FHFA) yesterday announced that Fannie Mae and Freddie Mac will enhance their Flex ...

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 ...

One thing I've learned about many loan modification companies is that they will take your credit score, and crush it. Some will tell their customers to stop paying their mortgage. The thought is a ...

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 ...

SALEM, Ore. - New laws passed by Oregon's state legislature may help ease the risk homeowners face when they use loan modification companies. The laws passed Jun 26, 2009. Many became effective ...

CORONA, CALIFORNIA, USA, August 7, 2023/EINPresswire.com/ -- Larry and Veronica Smitherman, residents of 3541 Vanderbilt Cir, Corona, CA 92881, have achieved a ...

The Treasury Department and the Federal Housing Administration will issue new rules in the coming months allowing borrowers who were denied a loan modification to appeal the decision. The action comes ...

(Reuters) - A lawsuit accusing Bank of America Corp of reneging on promises to help distressed homeowners modify their mortgage loans, and instead driving them into foreclosure, cannot proceed as a ...

Con artists have been taking advantage of people who are in danger of losing their homes to foreclosure. Federal and state officials are trying to crack down on the bogus loan modification firms. They ...