Loan Modification

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

(Reuters) The fact that many troubled borrowers have properties that are now worth less than the principal amounts ... suggests that lenders and servicers should give greater consideration to the use ...

2. Stop foreclosure
(Foreclosure/Foreclosure Help)

... modification This involves permanently changing the terms of your mortgage note so that they are more affordable for you. This could be in the form of a principal reduction, lower interest rates, wrapping ...