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

Loan modifications are 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 ...

Discover how many mortgage payments you can miss before foreclosure starts and learn about lender exceptions and housing market influences on this process.

This week, our CRED iQ research team explored trends in workouts and resolutions for commercial real estate securitized loans so far in 2024. This analysis included the workout strategies across ...

Loss mitigation is a collaborative process between borrowers and mortgage servicers to prevent foreclosure. It involves various strategies to help homeowners manage their mortgage payments and avoid ...

MSNBC is reporting that banks are not living up to their part of the deal when modifying loans for consumers. The article highlights the plight of William and Esperanza Casco, who were making enough ...

Foreclosure filings continue to mount locally, though more are being pulled before a sheriff’s auction as banks negotiate loan modifications. In Butler County, 268 foreclosure filings were processed ...

Mortgage defaults have risen slightly since this time last year, according to data from the Mortgage Bankers Association. Seasonally adjusted, the delinquency rate for all mortgages was 3.98% in the ...

Legal Action can Force Servicer to Grant Loan Modification when the Investor is being Sued. After months of legal battles, Kim successfully secured a loan modification in November 2024, allowing her ...

Carol M. Kopp edits features on a wide range of subjects for Investopedia, including investing, personal finance, retirement planning, taxes, business management, and career development. Doretha ...