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 ...

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 ...

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 ...

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 ...

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 -- The number of homeowners dropping out of the Obama administration's main mortgage assistance plan is growing, and is now almost equal to the number who have received permanent relief.

No one wants to deal with the ramifications of defaulting on a mortgage, but these tips could help ease the pain.

With the help of Southern Arizona Legal Aid, Nido was seeking a loan modification with her servicer, Utah-based Select Portfolio Servicing. Mortgage services are not lenders, but are essentially ...

Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP), and Preet Bharara, U.S. Attorney for the Southern District of New York, announced that Isaak Khafizov, a ...

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 ...