The purpose of this letter is to address questions regarding whether adverse action notices under Regulation B (Equal Credit Opportunity) are required for mortgage loan modification declinations, ...

Want to get a loan modification on your mortgage? First, you have to pass the NPV test. The test is filled with secrets and uncertainties, though the grading is simple: You either pass or fail. Pass, ...

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 ...

The U.S. Department of Housing and Urban Development (HUD) recently issued a final rule extending the maximum term of an FHA loan modification from 30 to 40 years. The rule is effective May 8, 2023.

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 ...

If you’re seeking more affordable mortgage payments, a loan modification or a refinance could both help. Loan modifications ...

American Bar Association’s Business Law Today March Month-In-Brief: Business Regulation & Regulated Industries - April 2023. On March 8, 2023, the Department of Housing and Urban Development (HUD) ...

Whether you need a loan modification or refinance depends on your financial situation. If you’re in financial distress or in imminent danger of foreclosure, your existing lender may offer a loan ...

Loan modification programs are initiatives designed to help borrowers who are struggling to make their mortgage payments. These programs provide an opportunity to restructure the terms of a mortgage ...

If you’re looking for better mortgage terms, loan modification and refinance can be viable options to improve your financial health. Financial struggles can happen to anyone, but homeowners have ...

In the post-pandemic era, mortgage rates hit their highest level in years as the Federal Reserve raised the benchmark interest rate to fight inflation. Compare your top mortgage loan rates now. "As ...

The Obama administration wants to spend up to $100 billion on efforts to help homeowners, especially those facing foreclosure. But one of the leading ideas on how to do that — rewriting home loans to ...