Discover how loan modification can help you avoid foreclosure, understand government programs available, and learn the steps to apply effectively.

Loan modifications and short-term loan extensions have been popular tactics among borrowers and lenders on loans backing properties facing vacancy and value declines since the pandemic. A staggering ...

Backers of a new California law that bars mortgage modification services from charging up-front fees say the rules will put scam artists out of business. But real estate attorneys say the new rules ...

If you’re looking for better mortgage terms, loan modification and refinance can be viable options to improve your financial health. Financial struggles can happen to anyone, but homeowners have ...

Regional banks are beginning to feel the squeeze of the weakened office market, even as larger institutions are facing fewer troubled loans. The average bank with $100B or less in assets modified 0.32 ...

• Section 1402, effective Oct. 1, 2008, allows troubled mortgage holders to avoid foreclosure by refinancing into smaller, more affordable, Federal Housing Administration (FHA)-backed mortgages, ...

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 ...

WASHINGTON -- The Obama administration's flagship effort to help people in danger of losing their homes is falling flat. More than a third of the 1.24 million borrowers who have enrolled in the $75 ...

WASHINGTON/NEW YORK, Aug 4 (Reuters) - The U.S. Treasury Department on Tuesday started naming and shaming banks that it said are not doing their part to keep Americans from losing their homes, ...

NEW YORK (Reuters) - The pace of new payment plans, or "workouts," for troubled U.S. mortgages leveled off in the first two months of the year, though more loans have terms that have been eased ...

The mortgage modification plan was announced with great fanfare a month after Obama took office. It is designed to lower borrowers' monthly payments — reducing their mortgage rates to as low as 2 ...