Mortgage Rescue, Mortgage | featured news

Bank of America will on Wednesday announce plans to start forgiving mortgage loan principal for troubled homeowners who owe more than 120 percent of their home's value or are battling ever-expanding "negative amortization" loans.

More than 170,000 troubled homeowners are breathing a lasting sigh of relief now that they've received permanent modifications under the Obama administration's foreclosure prevention program.

An emergency assistance program that saves thousands from foreclosure each year is in the national spotlight.

Uncle Sam is trying to get out of the business of running the U.S. mortgage market. The trick will be withdrawing support without toppling the nation's fragile housing recovery in the process.

Mortgage servicing companies have the complex task of figuring out if millions of borrowers qualify for mortgage modifications. And there has been some progress lately getting homeowners sign up.

After a slow start, the Obama administration's mortgage relief program has reached one in five eligible homeowners, a government report says.

Bank of America trails other banks in refinancing mortgages ahead of government deadline.

The Obama administration’s effort to help homeowners avoid foreclosure may not achieve its goal of helping 3 million to 4 million borrowers, a government watchdog group says.

The case of Carrington Mortgage shows how some loan modifications benefit only the lender.

The Treasury said less than 10% of eligible borrowers have received trial modifications under the White House's effort to help struggling homeowners.