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 ...

Discover the benefits and drawbacks of loan modification programs, eligibility requirements, and alternatives for struggling homeowners. Learn more today.

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 ...

When hard times hit, keeping up with your mortgage payments can be a challenge. Job loss, medical bills and crushing debt problems are just a few situations that can throw you into arrears. The good ...

The Flex Modification program helps homeowners experiencing financial hardship to extend their loan term and reduce principal and interest payments. The program can reduce payments by up to 20 percent ...

Loss mitigation is a way for mortgage lenders to help borrowers who are struggling to make their monthly payments avoid losing their homes. You can keep your home with many loss mitigation options, ...

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 ...