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 ...

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 ...

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 ...

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 ...

Today’s servicers are working in a challenging environment due to several compounding factors. For one, the mortgage industry is experiencing historically low interest rates, which have set in motion ...

In the post-pandemic era, mortgage rates hit their highest level in years as the Federal Reserve raised the benchmark interest rate to fight inflation. Compare your top mortgage loan rates now. "As ...

Only 7% of LAist readers currently donate to fund our journalism. Help raise that number, so our nonprofit newsroom stays strong in the face of federal cuts. Donate now. Banks and financial ...

This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts. What does it take to keep a loan modification on track? Patience, of ...

Loss mitigation is a collaborative process between borrowers and mortgage servicers to prevent foreclosure. It involves various strategies to help homeowners manage their mortgage payments and avoid ...