LoanModification

The Obama administration is revamping a program that's designed to let more homeowners refinance their mortgages even if they don't have any equity. This isn't a new program, but instead attempts to turbo-charge an existing federal initiative called the Home Affordable Refinance Program. Here's a look at some frequently asked questions.

In the last few years, outreach events by banks and nonprofits have been held all over the country, offering help to distressed homeowners. But even when they get personal invitations to these events, the vast majority of people who need mortgage modifications or short sales aren't showing up.

The housing crisis continues unabated, and millions of unemployed Americans remain at risk of ending up homeless. But additional government help is arriving from the Obama administration, and nonprofit agencies are making a difference in the efforts of some families to get help from their lenders.

A casino-style telemarketing operation run by nine men out of a Canoga-Park, Calif. boiler room is charged with stealing $2.3 million from desperate homeowners seeking home loan modifications to prevent foreclosure. Four of nine men being accused of running the illegal business are in custody,...

NeighborWorks, a national nonprofit created by Congress in 1974, has launched a campaign that is loan modification scam central: tips on how to spot scams, numbers to call if you suspect you are being scammed and poignant vignettes of people who have been scammed. The timing for a national...

Come this June, as WalletPop has reported, new government rules take effect that are designed to make it easier for distressed homeowners to get not only that often-elusive, three-month trial mortgage loan modification, but also the much more sought after (and relatively seldom gotten) permanent...

Is this what we have finally been waiting for? Really good news about foreclosures. My guess is, don't get too excited by any short term "trends"--- but, that said, the latest news from RealtyTrac just out today is encouraging. Foreclosure filings decreased again in November, down almost 8%...

How well is the government's loan modification working? WalletPop's four-part special report continues with profiles of some of those trying to get help. To read the overview, click here. Christine Attalla is among the lucky. The suburban Chicago homeowner not only got a temporary loan...

How well is the government's loan modification working? WalletPop's four-part special report continues with profiles of some of those trying to get help. To read the overview, click here. Kathy Partak went into loan modification armed with the powerful combination of knowledge and motivation. She...

How well is the government's loan modification working? WalletPop's four-part special report continues with profiles of some of those trying to get help. To read the overview, click here. Public relations consultant Mark Bonacorso faced the good and bad news of divorce with resolve. The good: he...