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 ...

In the post-pandemic era, mortgage rates hit their highest level in years as the Federal Reserve raised the benchmark interest rate to fight inflation. Compare your top mortgage loan rates now. "As ...

Natalie Campisi is a senior journalist who covers personal finance, balancing timely news with in-depth enterprise reporting. Her mission is to make complex financial issues clear and accessible for ...

There is mounting evidence that mortgage servicing companies participating in the Home Affordable Modification Program are failing to meet their obligations under the program. Borrowers and the ...

FHA first proposed the 40-year loan modification on April 1. The new option is intended to help borrowers who can’t achieve a minimum targeted 25% reduction in the principal and interest (P&I) portion ...

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As the government offers mortgage help to qualified homeowners, some scammers are taking advantage. Homeowners struggling to pay their mortgages have been taking advantage of the government's new loan ...

Although Naimoli successfully completed the trial period plan, Ocwen denied her the loan modification because it had failed to record her mortgage as it was obligated to do and because it had lost key ...

Ginnie Mae clarifies its MBS Guide with respect to seasoning of VA IRRRLs that are a “Refinance of a Modified Loan.” Issuers had challenged Ginnie Mae’s buy out demands that claimed insufficient ...

In any loan, the documentation forms an important part. The documents are required to establish the borrower’s identity, assess their creditworthiness, and for other purposes. In a personal loan, ...