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

This memorandum discusses certain tax considerations in connection with forbearances, waivers and other modifications with respect to a mortgage loan that is held by a REMIC or about to be contributed ...

CRED iQ’s research team has been closely monitoring loan modifications during this period of significantly elevated interest rates. As expected, loan modifications surged in 2023 as borrowers worked ...

A loan modification is a change to your original loan terms. You can request a loan modification from your mortgage lender if you can no longer afford your monthly payments, but it’s important to know ...

Recognizing the massive disruption to the U.S. economy and the American people created by COVID-19, federal banking regulators, consisting of the FDIC, the Federal Reserve Board, the Office of the ...

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, ...

For example, according to research from Freddie Mac, borrowers who approached different lenders and got two or more quotes ...

It seems that the bank that was once the shining example of how a big bank should be run now can’t go two days without another scandal erupting. Wells Fargo ...

Loan modifications and short-term loan extensions have been popular tactics among borrowers and lenders on loans backing properties facing vacancy and value declines since the pandemic. A staggering ...

More than $5.6B in loans associated with commercial mortgage-backed securities have been extended so far this year, according to a report by Trepp. Loans tied to offices make up about 73% of the ...

If you’ve recently fallen behind on mortgage payments, or are on the brink of missing your next payment, you’re not alone. Since March 2020, millions of Americans have had to temporarily pause or ...