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 ...

I applied for a modification of my home loan due to the uncertainty of my job. It’s a regular 30-year mortgage with a rate of 5.25%. I owe $370,000 on it. I found out last year, after talking to a few ...

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 ...

Amid inflation, layoffs, and market uncertainty, many homeowners are nearing a breaking point. Foreclosure filings rose in Q1 2025, according to real estate analytics firm ATTOM. But homeowners in ...

With inflation and interest rates remaining elevated, some U.S. homeowners are having trouble keeping up with their mortgage payments. Your lender or loan servicer can grant forbearance, a temporary ...

As homeowners have battled to keep up with their mortgages, lenders and their call centers have struggled to handle the number of people hoping to bargain for lower interest rates, principal ...

Most people are not aware of the refinancing options that are present to homeowners with FHA loans. Homeowners who hold FHA loans have the option to refinance their mortgage through a process called ...

NEW YORK (Reuters) - Mortgage modifications pushed as solutions to soaring U.S. home foreclosures are drawing greater scrutiny as defaults continue to nag a year after the industry banded together to ...

The Department of Veterans Affairs announced a long-awaited new program on Wednesday to help thousands of veterans who were left on the verge of losing their homes after a pandemic aid effort went ...

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 ...

An Ohio couple is suing Mr. Cooper Group, claiming a mortgage servicing subsidiary wrongly denied their request for a loan modification that was mandated by law during the pandemic. In a federal ...