News

A new report from the Consumer Financial Protection Bureau finds several mortgage servicing problems at banks and nonbanks.
More than 122,000 borrowers had their trial mortgage modifications canceled in April, bringing the total to 277,640 since the program began about a year ago, according to federal statistics ...
A bill moving through the Legislature aims to better protect homeowners from unscrupulous originators.
The CRED iQ research team zeroed in on loan modifications over the past three years, exploring trends and resolutions for commercial real estate securitized loans during this transformative period.
A loan modification changes the terms of your current mortgage, whereas a refinance involves taking out a new mortgage to pay off your old one. Here’s how to determine which is right for you.
Bank loan workouts have surged this year, according to CRED iQ, "placing 2024 squarely on a path to a record-setting year of loan modifications." In 2023, the total modifications were $16.8 billion.
A mortgage rate modification could make sense if your mortgage payments or current rate are higher than you'd like.
Many homeowners are struggling to keep up with their mortgage payments amid rising costs and high inflation. Here's how to catch up.
The Mortgage Bankers Association (MBA) has proposed a new tool for the Home Affordable Modification Program (HAMP) to specifically address the problems of unemployed borrowers.