Loan modifications are a long-term mortgage relief option for borrowers experiencing financial hardship, such as loss of income due to illness. A modification typically changes the loan’s rate, term ...

A mortgage loan modification can offer an opportunity for borrowers to get their monthly payment on their mortgage reduced to an amount they can afford. A mortgage loan modification may extend the ...

In the post-pandemic era, mortgage rates hit their highest level in years as the Federal Reserve raised the benchmark interest rate to fight inflation. Compare your top mortgage loan rates now. "As ...

A question we’ve received from clients with increased frequency is whether they can forgo recording their loan modification agreement in certain circumstances or jurisdictions without jeopardizing ...

The days when published a monthly tally of the number of loan modifications made by servicers under several public and private sector programs are long gone, but modifications are still needed and ...

If you're seeking more affordable mortgage payments, a loan modification or refinance can help bring relief. Loan modifications cater to homeowners experiencing financial hardship who are unable to ...

Homeowners who are having trouble making their monthly mortgage payments may be able to get some relief by modifying the terms of their loans. The federal government's Homeowner Affordability and ...

FHA first proposed the 40-year loan modification on April 1. The new option is intended to help borrowers who can’t achieve a minimum targeted 25% reduction in the principal and interest (P&I) portion ...

This is the third time Ginnie Mae has made changes intended to help homeowners transition from forbearance. The Government National Mortgage Association, or Ginnie Mae, said late Friday that it has ...

This memorandum discusses certain tax considerations in connection with forbearances, waivers and other modifications with respect to a mortgage loan that is held by a REMIC or about to be contributed ...

NEW YORK, March 22 (Reuters) - Fannie Mae, the largest provider of funding for U.S. residential mortgages, is easing some requirements on income documentation for borrowers to receive loan ...

The Internal Revenue Service (IRS) yesterday released Revenue Procedure 2020-26, which is designed to alleviate tax uncertainty related to forbearances and modifications of mortgage loans in response ...