WASHINGTON -- The number of homeowners dropping out of the Obama administration's main mortgage assistance plan is growing, and is now almost equal to the number who have received permanent relief.

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 ...

A mortgage loan modification is a relief option designed for borrowers experiencing long-term financial hardships that make it impossible for them to keep up with payments. The goal is to reduce your ...

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 - Some homeowners who sign up for the government's mortgage assistance program are getting a surprise: Lower credit scores. For borrowers who are making their payments on time but are on ...

The Mortgage Bankers Association (MBA) urged the U.S. Department of Veterans Affairs (VA) to revise elements of its proposed partial claim and loss-mitigation policies for VA-backed mortgages, arguing ...

If you want to refinance your mortgage but you're enrolled in a forbearance program, generally, you must first end the forbearance and meet certain conditions. Refinancing involves paying off ...