What is a mortgage loan modification, and how do you get one?

USDA loans: With a USDA loan, you can modify your mortgage with an extended term of up to 40 years, reduce the interest rate ...
HousingWire

With increased defaults, when is it prudent for servicers to record loan modifications?

A question we’ve received from clients with increased frequency is whether they can forgo recording their loan modification agreement in certain circumstances or jurisdictions without jeopardizing ...
ConsumerAffairs

Loan Modification vs. Refinance: How to Decide

Whether you need a loan modification or refinance depends on your financial situation. If you’re in financial distress or in imminent danger of foreclosure, your existing lender may offer a loan ...

This under-the-radar mortgage hack is saving some Americans thousands of dollars per year. Here's what you need to know before talking to your lender

Your lender might just play ball.
JD Supra

A few borrower strategies and considerations in a loan default and workout scenario

Real estate has faced and weathered many challenges since March 2020, and despite the survival by owners of real estate, defaults under real estate loans are expected to grow in 2024, with many owners ...
Business Wire

Sonida Senior Living Announces Completion of Loan Modifications with Fannie Mae and Updated Performance Highlights Through Q3

DALLAS--(BUSINESS WIRE)--Sonida Senior Living, Inc. (the “Company,” “Sonida,”) (NYSE: SNDA), a leading owner-operator of communities and services for seniors, announced the execution of its loan ...