The Mortgage Bankers Association reported that its mortgage application index fell 18.6% last week led by a decline of 24.6% for the refinance index. The sixth consecutive weekly drop has happened as ...

A mortgage modification can help you get better terms on your home loan if you’re struggling to make payments. The Flex Modification program is designed to help homeowners who have mortgages that are ...

Loan modifications are 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 ...

A Flex Modification can make monthly mortgage payments more affordable for homeowners with conventional loans. Some or all of the mortgage lenders featured on our site are advertising partners of ...

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With calls growing for stronger action to help troubled homeowners, borrower advocates are hailing a mortgage-modification program being implemented by Bank of America Corp.'s Countrywide unit as the ...

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 ...

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 ...

I have been inundated with letters from borrowers who, for any number of reasons, can no longer afford their mortgage payment, although they could afford a lower payment. They want help getting their ...

The mortgage modification was announced with great fanfare a month after Obama took office. It is designed to lower borrowers' monthly payments — reducing their mortgage rates to as low as 2 percent ...

When Congress returns from recess next week, the House Financial Services Committee will vote on legislation that would dismantle the Home Affordable Modification Program, and three other initiatives.