A loan modification is often billed as a lifeline for homeowners in trouble. But if you ask Johnnie Jefferson, an 85-year-old resident of Richmond, TX, she’d tell you that a loan modification has ...

Consider a loan modification a lifeline for homeowners in trouble. If you've been hit with financial hardships that hamper your ability to pay the mortgage, there are options other than foreclosure or ...

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 ...

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

Despite pressure on banks to work with struggling borrowers affected by the mortgage crisis, many homeowners still complain about delays, runarounds and lost paperwork as they try to modify their ...

Some of the examples of potential problems cited by the agency include pitches by scammers seeking payment of high fees upfront to receive services; guarantees that consumers will receive loan ...

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 ...

One thing I've learned about many loan modification companies is that they will take your credit score, and crush it. Some will tell their customers to stop paying their mortgage. The thought is a ...

Loss mitigation is a collaborative process between borrowers and mortgage servicers to prevent foreclosure. It involves various strategies to help homeowners manage their mortgage payments and avoid ...

SALEM, Ore. - New laws passed by Oregon's state legislature may help ease the risk homeowners face when they use loan modification companies. The laws passed Jun 26, 2009. Many became effective ...

CORONA, CALIFORNIA, USA, August 7, 2023/EINPresswire.com/ -- Larry and Veronica Smitherman, residents of 3541 Vanderbilt Cir, Corona, CA 92881, have achieved a ...

Black homeownership has declined in the city and nationally in the last 20 years, hindered by gentrification and inequitable lending policies. By Stefanos Chen Relief came late, then slowly, and ...