Even if the loan modification program ends up with 1.5 million to 2 million homeowners with new, more-favorable terms on their loans, the program will not be a long-term success if large amounts of ...

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 ...

So it appears that some Congress-critters are agitating about the utter failure that is the suite of government loan modification programs. House Republicans want to repeal the Home Affordable ...

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 ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Did you ever want to see what a mortgage modification from the US government’s Home Affordable Modification ...

The Obama administration may expand efforts to ease the housing crisis by banning all foreclosures on home loans unless they have been screened and rejected by the government’s Home Affordable ...

Fewer Americans received home-loan modifications in July under the Obama administration's program to reduce foreclosures and delinquencies. A government report released Friday showed that 36,695 ...

The federal Home Affordable Modification Program, which is designed to guide the modification process to the benefit of the lender (not the borrower), has helped 12 percent of a potential 3 million ...

WASHINGTON (Reuters) - The federal agency that insures most U.S. bank deposits unveiled a plan to prevent about 1.5 million home mortgage foreclosures by promising to share any losses with mortgage ...

Banks participating in the U.S. government’s main foreclosure prevention plan stepped up the pace of loan modifications by more than half in August. More than 360,000 modifications had been started ...