The Flex Modification program helps homeowners experiencing financial hardship to extend their loan term and reduce principal and interest payments. The program can reduce payments by up to 20 percent ...

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 ...

As homeowners have battled to keep up with their mortgages, lenders and their call centers have struggled to handle the number of people hoping to bargain for lower interest rates, principal ...

In blog post, director says agency intends to streamline regulations. Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra says his agency intends to propose ways to “simplify and ...

As we predicted here, the Consumer Financial Protection Bureau (CFPB or Bureau) last week proposed new and, in some cases, streamlined rules governing what mortgage servicers must do after a borrower ...

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 ...

Amid inflation, layoffs, and market uncertainty, many homeowners are nearing a breaking point. Foreclosure filings rose in Q1 2025, according to real estate analytics firm ATTOM. But homeowners in ...

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 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 ...

The CRED iQ research team zeroed in on loan modifications over the past three years, exploring trends and resolutions for commercial real estate securitized loans during this transformative period.