When you apply for a mortgage modification, one of the key components of the loan mod package is the hardship letter that explains why you're making the request. Learning the proper format and ...

ATLANTA - Let’s say you bought your present home in November of 2018, just about a year ago. You wanted a fixed-rate loan, so you selected a reputable lender, who offered a 30-year loan fixed at 4.75% ...

QDo borrowers have any say over the type of loan modification they get? What kind of modification should they look for? AMortgage modifications are changes in the terms of a loan designed to make it ...

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 ...

If you're struggling to make your monthly mortgage payments due to financial hardship, a loan modification could provide much-needed relief. A mortgage loan modification is a permanent change to your ...

If you’re seeking more affordable mortgage payments, a loan modification or a refinance could both help. Loan modifications ...

The purpose of this letter is to address questions regarding whether adverse action notices under Regulation B (Equal Credit Opportunity) are required for mortgage loan modification declinations, ...

In support of financial institutions and borrowers during the COVID-19 pandemic, the newly enacted Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes a number of provisions ...

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 ...

Loan modifications offer one strategy to prevent mortgage foreclosures by lowering interest rates, extending loan terms and/or reducing principal balance owed. Yet we know very little about who ...

When Juan Paulino bought his three-bedroom ranch in Hasbrouck Heights in 2005, he took out the only loan he could afford: an adjustable-rate mortgage. But what seemed like a good deal at the time ...

Homeowners facing foreclosure have one more thing to worry about: loan modification scams. Normally, homeowners seek loan modifications in hopes of forestalling foreclosure. However, scam artists have ...