Loan Modification Help Center- Home Loan Modification Help

Federal loan modification law has set a new maximum allowable interest rate for mortgagees involved in loan modifications.  Mortgagee Letter 2008-21, released on August 14th, 2008 by the Department of Housing and Urban Development, states that the new basis interest rate is 200 points above the monthly average yield on U.S. Treasury Securities, adjusted to [...]

Are you frightened by reports of loan modification companies robbing homeowners blind?  At the Loan Modification Help Center, we understand that people who require loan modification help aren’t always able to afford unwieldy loan modification fees.  The entire concept of loan modification is intended to save you from financial hardship caused by predatory lending or [...]

A recent study showed that one half of loans modified in the first half of 2008 had slipped back into default within six months. More surprising than that number, according to figures gathered by Loan Processing Services, was that an incredible 25% of modified loans became delinquent again after just one payment. While some have [...]