Loan Modification

1. Loan Modification Guidelines
(Loan Modification/Loan Modification)

Loan Modification guidelines differ from lender to lender. You stand the highest chance of an approval if you: are delinquent on your payments in foreclosure in an adjustable rate mortgage have high debt ...

2. Fed encourages principal reduction
(Loan Mod News/Loan Mod News)

... through means such as limiting them to people who had high debt payment-to-income levels so that they would be available only to those who genuinely needed them. Full Article    ...