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 ...

USDA loans: With a USDA loan, you can modify your mortgage with an extended term of up to 40 years, reduce the interest rate ...

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 ...

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 ...

Your lender might just play ball.

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 ...

The collapse of the housing market has spawned a whole new industry — companies that say they can help troubled homeowners negotiate modifications to their mortgages. But officials in several states ...

Con artists have been taking advantage of people who are in danger of losing their homes to foreclosure. Federal and state officials are trying to crack down on the bogus loan modification firms. They ...

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 ...

JPMorgan Chase & Co., among the nation's largest mortgage-loan servicers, has opened a San Antonio office to provide help for homeowners struggling to make their monthly mortgage payments. The opening ...

(Reuters) - A lawsuit accusing Bank of America Corp of reneging on promises to help distressed homeowners modify their mortgage loans, and instead driving them into foreclosure, cannot proceed as a ...