Discover the benefits and drawbacks of loan modification programs, eligibility requirements, and alternatives for struggling ...

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 ...

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 ...

The fear of layoffs has been strong in the past few years—and for federal workers, that fear only continues to grow. There are also circumstances in which lenders will allow you to redraw up to your ...

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 ...

SBA debt forgiveness may be taxable: If a lender forgives part of your debt, you may receive a 1099 form for that amount. The ...

CALABASAS, Calif.--(BUSINESS WIRE)-- Bank of America today announced programs for its mortgage customers serving in the United States military, improving key benefits for those on active duty and ...

After her husband lost his tech job in 2008, Lisa Eidner of Mahwah, N.J., asked the couple's mortgage servicer to lower their monthly payments. The company agreed to a temporary cut but sent the ...