USDA loans: With a USDA loan, you can modify your mortgage with an extended term of up to 40 years, reduce the interest rate ...

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 ...

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 ...

Apparently the easiest way to get a loan modification these days is to have a news reporter make a call for you. That seems to have been the case for Maria C. Nido, a friendly and humble 55-year-old ...

WASHINGTON - Some homeowners who sign up for the government's mortgage assistance program are getting a surprise: Lower credit scores. For borrowers who are making their payments on time but are on ...

Five months into the government’s $75 billion loan modification program, less than 12 percent of eligible homeowners have seen their mortgage payments reduced, according to data released by the ...

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, ...