QDo borrowers have any say over the type of loan modification they get? What kind of modification should they look for? AMortgage modifications are changes in the terms of a loan designed to make it ...

Although not yet adopted by any state, the Uniform Mortgage Modification Act aims to clarify and simplify the law governing mortgage modifications by creating brightline safe harbors for common ...

A mortgage modification can help you get better terms on your home loan if you’re struggling to make payments. The Flex Modification program is designed to help homeowners who have mortgages that are ...

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 ...

What Is Mortgage Loan Modification? Loan modification isn't the same as refinancing, it's a negotiation between you and your lender. Since lenders are in the business of financing real estate, not ...

The purpose of this letter is to address questions regarding whether adverse action notices under Regulation B (Equal Credit Opportunity) are required for mortgage loan modification declinations, ...

The Internal Revenue Service has released a revenue procedure dealing with the tax effects on securitized mortgages that have been modified to avoid foreclosures. Revenue Procedure 2008-28 describes ...

Many people facing foreclosure have successfully made the trial mortgage modification payments required of them, but they’ve been unable to get their banks to make the modifications permanent. For ...

Loan modifications offer one strategy to prevent mortgage foreclosures by lowering interest rates, extending loan terms and/or reducing principal balance owed. Yet we know very little about who ...

When Juan Paulino bought his three-bedroom ranch in Hasbrouck Heights in 2005, he took out the only loan he could afford: an adjustable-rate mortgage. But what seemed like a good deal at the time ...

Whether it’s adding an accessory apartment for a live-in caretaker, widening doorways, or redesigning a bathroom or kitchen, there are many types of home modifications that can help homeowners age 62 ...