Can now extend the term from 360 months to 480 months. The Federal Housing Administration (FHA) announced Wednesday that it’s increasing the maximum term for a mortgage modification to 40 years or 480 ...

A loan modification is a long-term mortgage relief option for borrowers experiencing financial hardship, such as loss of income due to illness. A modification typically changes the loan’s rate, term ...

A coalition of six organizations representing mortgage companies and borrowers has sent a letter to the Federal Housing Administration (FHA), urging the extension of the current loss-mitigation ...

A mortgage loan modification can offer an opportunity for borrowers to get their monthly payment on their mortgage reduced to an amount they can afford. A mortgage loan modification may extend the ...

The people struggling with huge debts and financial hardships can make use of the loan modification programs intended to support such individuals. The hopes of the homeowners who struggle to avoid ...

If you’re thinking about buying a home, an FHA loan might be worth considering. FHA loans exist to help people — especially ...

Here’s what to know about requirements, limits and how FHA loans compare to conventional mortgages Written By Written by Contributor, Buy Side Rebecca Safier is a contributor to Buy Side and finance ...