A question we’ve received from clients with increased frequency is whether they can forgo recording their loan modification agreement in certain circumstances or jurisdictions without jeopardizing ...
If you’re looking for better mortgage terms, loan modification and refinance can be viable options to improve your financial health. Financial struggles can happen to anyone, but homeowners have ...
If you’re seeking more affordable mortgage payments, a loan modification or a refinance could both help. Loan modifications are for homeowners experiencing financial hardship who are unable to make ...
The Federal Housing Administration (FHA) announced this week that a final rule related to an increased 40-year loan modification term has been published in the Federal Register. The rule allows ...
The U.S. Department of Housing and Urban Development (HUD) recently issued a final rule extending the maximum term of an FHA loan modification from 30 to 40 years. The rule is effective May 8, 2023.
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, ...
Much of the $8.5 billion mortgage settlement announced this week is intended to compensate homeowners who either went through foreclosure, or were unable to qualify for a loan modification. My ...
Buying a house is a huge undertaking. From searching for the right place to making a successful offer, a lot goes into landing your dream home. And one of these big steps is getting approved for a ...