MakingHomeAffordableProgram

For homeowners struggling to make their mortgage payments, a mortgage loan modification could be a way to stave off foreclosure. With a mortgage loan modification, the lender makes a permanent change to the original mortgage agreement so the homeowner can continue making monthly payments. There...

It's been well-reported that mortgage loan modifications are moving like molasses at big banks. But a little company called Ocwen Financial is using behavioral science to remove the stumbling blocks that get in the way of people trying to keep their homes.