Add Yahoo as a preferred source to see more of our stories on Google. What Is a Loan Modification? Can It Help Homeowners in Trouble? A loan modification is often billed as a lifeline for homeowners ...

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 ...

Subscribe to The St. Louis American‘s free weekly newsletter for critical stories, community voices, and insights that matter. Sign up Since 2004 approximately 8 million homes have been lost to ...

You've probably seen the pitches on TV and the Internet or found them stuffed in your mail: official-looking communications complete with logos and letterheads that look vaguely like those used by the ...

If you want to refinance your mortgage but you're enrolled in a forbearance program, generally, you must first end the forbearance and meet certain conditions. Refinancing involves paying off ...

Allison Rinehart's best hope for saving her home isn't the massive federal effort to stem foreclosures. She's been denied, possibly in error, for that plan so she's banking on an alternative mortgage ...

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 ...

(Reuters) - The Obama administration on Wednesday gave lenders a green light to begin modifying home mortgages under a new $75 billion program aimed primarily at people facing imminent financial ...

(Reuters) - A lawsuit accusing Bank of America Corp of reneging on promises to help distressed homeowners modify their mortgage loans, and instead driving them into foreclosure, cannot proceed as a ...

Bank of America launched a new mortgage-modification program that, for the first time, proposes reducing the principal on loans. It's the most ambitious program yet. Foreclosures are still at high ...