The Obama Administration is gearing up to play hardball with mortgage companies that only temporarily lower struggling homeowners’ monthly payments. But as the drive to make more loan modifications ...

WASHINGTON (Reuters) - A U.S. program aimed at helping struggling homeowners avoid foreclosure has been oversold by the Treasury Department and is likely to be a failure when it wraps up in 2012, a ...

The Mortgage Bankers Association revealed a new program proposal on Friday that is designed to be successor program to the Home Affordable Modification Program, which is scheduled to wrap up at the ...

The Obama administration may expand efforts to ease the housing crisis by banning all foreclosures on home loans unless they have been screened and rejected by the government’s Home Affordable ...

OKLAHOMA CITY -- Who doesn't want a lower house payment? But before you jump at the offer of a loan modification company, you’ll want to hear what our Consumer Watch Team found. We met Marilyn Glover, ...

It's as good as official: Home Affordable Modification Program, the year-old government program to save homeowners from foreclosure, is a flop. Today, the Obama administration is set to announce new ...

For many, this recession is creating a new math of debt management. Strapped consumers have long prioritized paying their mortgage before their credit cards. Losing your house, after all, was seen as ...

After her husband lost his tech job in 2008, Lisa Eidner of Mahwah, N.J., asked the couple's mortgage servicer to lower their monthly payments. The company agreed to a temporary cut but sent the ...