A mortgage loan modification can offer an opportunity for borrowers to get their monthly payment on their mortgage reduced to an amount they can afford. A mortgage loan modification may extend the ...

A loan modification is an agreement between a borrower and a lender to permanently change the terms of a mortgage. You'll need to prove financial hardship in order to qualify for a loan modification.

(Reuters) - A federal judge has dismissed a proposed class action accusing PNC Bank of defrauding Illinois consumers by making false promises to modify their mortgage loans, saying the bank did not ...