Add Yahoo as a preferred source to see more of our stories on Google. What Is a Loan Modification? Can It Help Homeowners in Trouble? A loan modification is often billed as a lifeline for homeowners ...

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 ...

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 ...

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 ...

A mortgage loan modification is a relief option designed for borrowers experiencing long-term financial hardships that make it impossible for them to keep up with payments. The goal is to reduce your ...

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 ...

A common, and a venerable, question when modifying a mortgage loan — should the mortgage lender record the modification of the mortgage in the land records? Recording a mortgage serves two primary ...

Apparently the easiest way to get a loan modification these days is to have a news reporter make a call for you. That seems to have been the case for Maria C. Nido, a friendly and humble 55-year-old ...

After her husband lost his tech job in 2008, Lisa Eidner of Mahwah, N.J., asked the couple's mortgage servicer to lower their monthly payments. The company agreed to a temporary cut but sent the ...

If you’re struggling to make your monthly mortgage payments or have fallen behind, you may be at risk of losing your home. But depending on the circumstances, you may be eligible for a loan ...

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 ...