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2. 'It has just wrecked my whole life': Texas woman, 85, says ...

   www.aol.com/finance/just-wrecked-whole-life...

   Mortgage modifications are commonly for borrowers facing financial hardship. They can provide relief by altering the terms of a loan, such as the period of repayment or interest rate.

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

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

   Loan modifications are a long-term mortgage relief option for borrowers experiencing financial hardship, such as loss of income due to illness. ... How to apply for a loan modification 1. Review ...

4. Investigation reveals banks illegally denied loan modifications

   www.aol.com/news/2010-02-05-investigation...

   Some of the problems ProPublica uncovered echo complaints WalletPop heard when we wrote about troubles with the federal Home Affordable Modification Program last year: trial modifications being ...

5. Loan modification in the United States - Wikipedia

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

   Loan modification is the systematic alteration of mortgage loan agreements that help those having problems making the payments by reducing interest rates, monthly payments or principal balances. Lending institutions could make one or more of these changes to relieve financial pressure on borrowers to prevent the condition of foreclosure.

6. Flex Modification Program (FMP): Everything you need to know

   www.aol.com/finance/flex-modification-program...

   The Flex Modification program is a conventional loan modification program designed to help homeowners who are experiencing long-term or permanent financial hardship. Using this program can help ...

7. Loss mitigation - Wikipedia

   en.wikipedia.org/wiki/Loss_mitigation

   Loan modification: This is a process whereby a homeowner's mortgage is modified and both lender and homeowner are bound by the new terms. The most common modifications are lowering the interest rate and extending the term to up to 40 years. Reduction in the principal balance, however, is so rare that the Federal Reserve wrote in a report that ...

8. Loan modification company - Wikipedia

   en.wikipedia.org/wiki/Loan_modification_company

   A loan modification company, also known as a mortgage modification company, is a business that helps homeowners in the United States modify the terms of their home loans or mortgages. When a mortgage is modified, the original terms of the home loan contract between a lender and a borrower are renegotiated and then altered, usually in the favor ...

9. What is loss mitigation? - AOL

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

   Loan modification Loan servicers are willing to explore loss mitigation, meaning they want to keep you in the house and get what you owe from them. (This is cheaper and easier for them than ...