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Loan Modification Laws

The US Treasury Department has produced a number of loan modification laws or mandatory guidelines requiring lenders to review homeowners’ loan modification requests and perform loan modifications where possible. Under the current loan modification laws, in exchange for fixing loan payments at 31 percent of the homeowner’s monthly gross income, […]

Know Your Local Loan Modification Laws

Offering an all inclusive guide to the loan modification laws in each state would take too long to write and would be too difficult to keep updated.  Since the housing crisis is still relatively young and since there has never been so much scrutiny on the lending industry, new laws […]