ATLANTA - Let’s say you bought your present home in November of 2018, just about a year ago. You wanted a fixed-rate loan, so you selected a reputable lender, who offered a 30-year loan fixed at 4.75% ...

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 ...

What Is Mortgage Loan Modification? Loan modification isn't the same as refinancing, it's a negotiation between you and your lender. Since lenders are in the business of financing real estate, not ...

Financially stressed homeowners looking to cut their mortgage payments through a loan modification, short sale or principal reduction under one of the Obama administration's programs needn't wreck ...

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 ...

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 ...

Although not yet adopted by any state, the Uniform Mortgage Modification Act aims to clarify and simplify the law governing mortgage modifications by creating brightline safe harbors for common ...

Loan modifications offer one strategy to prevent mortgage foreclosures by lowering interest rates, extending loan terms and/or reducing principal balance owed. Yet we know very little about who ...

Many people facing foreclosure have successfully made the trial mortgage modification payments required of them, but they’ve been unable to get their banks to make the modifications permanent. For ...

It seems that the bank that was once the shining example of how a big bank should be run now can’t go two days without another scandal erupting. Wells Fargo ...

A recent Cotality report shed light on alarming data around mortgage delinquency rates. While rates declined in the past three years, that trend began reversing course in mid-2024. Cotality found that ...