A loan modification is often billed as a lifeline for homeowners in trouble. But if you ask Johnnie Jefferson, an 85-year-old resident of Richmond, TX, she’d tell you that a loan modification has ...

This article was first published on NerdWallet.com. If you’re struggling to make your monthly mortgage payment, Fannie Mae and Freddie Mac have a new loan modification program so your home stays out ...

If you’re seeking more affordable mortgage payments, a loan modification or a refinance could both help. Loan modifications ...

Christy Bieber has been a personal finance and legal writer since 2008. She has been published by WSJ Buy Side, Forbes Advisor, Miami Herald, CNN Underscored, Insurify, Credit Karma, USA Today, MSN ...

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 ...

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 ...

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 ...

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.

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 after a pandemic aid effort went ...

Khristopher J. Brooks is a reporter for CBS MoneyWatch. He previously worked as a reporter for the Omaha World-Herald, Newsday and the Florida Times-Union. His reporting primarily focuses on the U.S.

A 40-year mortgage extends the loan term an additional decade longer than a typical 30-year mortgage. Most lenders don’t offer 40-year mortgages. A 40-year mortgage can come in fixed-rate, ...