Nine years after a foreclosure relief scam unfolded, the FTC is releasing seized funds. Lessons for LOs abound in how it all went down. It didn’t take long. Just nine years. But, 198 borrowers who ...
Discover the benefits and drawbacks of loan modification programs, eligibility requirements, and alternatives for struggling homeowners. Learn more today.
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 ...
Whether you need a loan modification or refinance depends on your financial situation. If you’re in financial distress or in imminent danger of foreclosure, your existing lender may offer a loan ...
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 ...
Despite pressure on banks to work with struggling borrowers affected by the mortgage crisis, many homeowners still complain about delays, runarounds and lost paperwork as they try to modify their ...
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 ...
If you’re looking for better mortgage terms, loan modification and refinance can be viable options to improve your financial health. Financial struggles can happen to anyone, but homeowners have ...
One thing I've learned about many loan modification companies is that they will take your credit score, and crush it. Some will tell their customers to stop paying their mortgage. The thought is a ...
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 ...
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What is loss mitigation?

Loss mitigation is a way for mortgage lenders to help borrowers who are struggling to make their monthly payments avoid losing their homes. You can keep your home with many loss mitigation options, ...