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  2. Mortgage loan modification: What it is and how to get one - AOL

    www.aol.com/finance/mortgage-loan-modification...

    Loan modification programs. ... FHA loan modification: There are a few options for an FHA loan modification, including an interest-free loan for up to 30 percent of your balance or a 40-year loan ...

  3. Feds announce changes to reverse mortgage program - AOL

    www.aol.com/feds-announce-changes-reverse...

    Nov. 3—WASHINGTON, D.C. — The Federal Housing Administration released new proposed policy updates to its Home Equity Conversion Program, according to a statement issued Wednesday by the ...

  4. Reverse mortgage: What it is and how it works - AOL

    www.aol.com/finance/reverse-mortgage-works...

    A reverse mortgage is a type of loan that allows homeowners ages 62 and older to borrow against their home’s equity for tax-free payments. The reverse mortgage lender makes these payments to the ...

  5. Loan modification in the United States - Wikipedia

    en.wikipedia.org/wiki/Loan_modification_in_the...

    The program was built as collaboration with banks, services, credit unions, the FHA, the VA, the USDA and the Federal Housing Finance Agency, to create standard loan modification guidelines for lenders to take into consideration when evaluating a borrower for a potential loan modification. Over 110 major lenders have already signed onto the ...

  6. Reverse mortgage - Wikipedia

    en.wikipedia.org/wiki/Reverse_mortgage

    Before starting the loan process for an FHA/HUD-approved reverse mortgage, applicants must take an approved counseling course. [30] An approved counselor should help explain how reverse mortgages work, the financial and tax implications of taking out a reverse mortgage, payment options, and costs associated with a reverse mortgage. [ 31 ]

  7. Making Home Affordable - Wikipedia

    en.wikipedia.org/wiki/Making_Home_Affordable

    The Home Affordable Modification Program (HAMP) is a government program introduced in 2009 to respond to the subprime mortgage crisis.HAMP [10] is part of the Making Home Affordable program (MHA), [11] established in concert with the Hardest Hit Fund program (HHF) [12] under the Troubled Asset Relief Program (TARP), a part of the Emergency Economic Stabilization Act of 2008. [13]

  8. What is loss mitigation? - AOL

    www.aol.com/finance/loss-mitigation-131710263.html

    This interest-free loan from the U.S. Department of Housing and Urban Development (HUD) bundles up your missed payments and gives you a way to pay them back, avoiding foreclosure. Repayment plan

  9. How to stop foreclosure - AOL

    www.aol.com/finance/stop-foreclosure-220538027.html

    Loan modification. Mortgage servicers can ... along with instructions and applications for any programs that might apply to you. ... 569-4287. If you have an Apple device, you can download HUD’s ...

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