A loan modification is a change to your original loan terms. You can request a loan modification from your mortgage lender if you can no longer afford your monthly payments, but it’s important to know ...

A loan modification is 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 ...

Whether you need a loan modification or refinance depends on your financial situation. If you’re in financial distress or in imminent danger of foreclosure, your existing lender may offer a loan ...

Your lender might just play ball.

I talked to Mags about how to get free loan modification help, through the list of approved housing counselors on the U.S. Department of Housing and Urban Development’s Web site. I sent her a link to ...

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, ...

For the first weeks of the coronavirus crisis, mortgage servicers were in triage mode. As the government issued a flurry of measures to deal with financial hardships resulting from widespread economic ...

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 ...

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 ...