Discover how loan modification can help you avoid foreclosure, understand government programs available, and learn the steps to apply effectively.

The federal Home Affordable Modification Program, which is designed to guide the modification process to the benefit of the lender (not the borrower), has helped 12 percent of a potential 3 million ...

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 ...

WASHINGTON, March 23 (Reuters) - A U.S. program aimed at helping struggling homeowners avoid foreclosure has been oversold by the Treasury Department and is likely to be a failure when it wraps up in ...

Bank of America launched a new mortgage-modification program that, for the first time, proposes reducing the principal on loans. It's the most ambitious program yet. Foreclosures are still at high ...