With higher rates and a challenging lending environment, more and more borrowers are seeking to modify their loans. CRED iQ analyzed all modifications that occurred in 2023 within the securitized ...

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 ...

A new study has found that consumers who received mortgage modifications outperformed those who did not on new consumer loans they opened after their initial mortgage delinquency. The study, conducted ...

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 ...

Each month, the Treasury Department releases new information about how homeowners in its mortgage modification program are faring. And each month, the numbers get bleaker.

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 modification is an agreement between a borrower and a lender to permanently change the terms of a mortgage. You'll need to prove financial hardship in order to qualify for a loan modification.

Joseph Bui / Joseph Bui for NPR The Department of Veterans Affairs announced a long-awaited new program on Wednesday to help thousands of veterans who were left on the verge of losing their homes ...

I believe some of the biggest problems with short sales today fall into the hands of the agent processing the file. Submitting a complete package initially is key. All documents need to be current!