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 ...

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 ...

WASHINGTON (Reuters) - A U.S. program aimed at helping struggling homeowners avoid foreclosure has been oversold by the Treasury Department and is likely to be a failure when it wraps up in 2012, a ...

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 ...

The federal Home Affordable Modification Program, which is designed to guide the modification process to the benefit of the lender (not the borrower), has helped 12 percent of a potential 3 million ...

A mortgage loan modification is a relief option designed for borrowers experiencing long-term financial hardships that make it impossible for them to keep up with payments. The goal is to reduce your ...

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 ...

Adjustments to the home retention program will take effect in December The Federal Housing Finance Agency (FHFA) yesterday announced that Fannie Mae and Freddie Mac will enhance their Flex ...

To bolster its effort to reduce foreclosures, today the Obama administration announced new changes to its Home Affordable Modification Program. The proposed measures include allowing unemployed ...

When hard times hit, keeping up with your mortgage payments can be a challenge. Job loss, medical bills and crushing debt problems are just a few situations that can throw you into arrears. The good ...

WASHINGTON, March 23 (Reuters) - A U.S. program aimed at helping struggling homeowners avoid foreclosure has been oversold by the Treasury Department and is likely to be a failure when it wraps up in ...