This article was first published on NerdWallet.com. If you’re struggling to make your monthly mortgage payment, Fannie Mae and Freddie Mac have a new loan modification program so your home stays out ...

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 struggling to pay your mortgage, the conventional wisdom has long been to consider refinancing. Doing so has often meant a change in loan terms that can reduce monthly payments. However, ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...