A loan modification is 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 ...
If someone promises they can lower your monthly mortgage payment for a fee, U.S. postal inspectors say you should run in the other direction. So-called mortgage modification scams can end up costing ...
WASHINGTON (Reuters) - The Obama administration unveiled changes to its $75 billion home loan modification program on Thursday in an effort to boost the number of trial home loans that become ...