Add Yahoo as a preferred source to see more of our stories on Google. What Is a Loan Modification? Can It Help Homeowners in Trouble? A loan modification is often billed as a lifeline for homeowners ...

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 ...

Consider a loan modification a lifeline for homeowners in trouble. If you've been hit with financial hardships that hamper your ability to pay the mortgage, there are options other than foreclosure or ...

Banks and financial institutions have received $75 billion in taxpayer money to offer more affordable mortgages to homeowners. Hundreds of thousands of families have tried to obtain loan modifications ...

The Home Affordable Modification Program (HAMP) was designed to help homeowners who were struggling financially avoid losing their homes. It did this by modifying some aspects of the original mortgage ...

Question: I have applied for a loan modification, but I'm in the waiting period. However, since mortgage servicers receive $1,000 for every loan modification request they put in, does it really make ...