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Loan Modification

: Loan Modification & Home Loan News

Key to successful loan modifications is to reduce the amount of the borrower?s mortgage balance

By Moe Bedard

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There is an emerging consensus among financial experts and policy makers that the key to successful modifications is to reduce the amount of the borrower?s loan balance, rather than merely reducing the monthly payment. The goal is to lower the payment while restoring equity, thus giving borrowers both the means and the incentive to keep [...]

Full post as published by Loan Modification & Home Loan News on February 15, 2010 (boomark / email).

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