New York -- The government shouldn't reward liars. But that's the effect of changes to the Obama administration's failing program to help homeowners modify their mortgages.

Know the impact before modifying your home loan The last thing many troubled homeowners want to hear is that they could be denied a car loan after they get a chance to modify their home loan.But credit scores can get dinged after a home loan modification, making it more costly or tougher to get a loan or credit card.

Staff report Beginning Friday, people who want to provide loan modification services, such as refinancing and adjusting interest rates, will have to be licensed with the Florida Office of Financial Regulation.

By MICHAEL PELTIER The News Service of Florida Starting Friday, firms that alter mortgages will need one

The last thing many troubled homeowners want to hear is that they could be denied a car loan after they get a chance to modify their home loan. But credit scores can get dinged after a home loan modification, making it more costly or tougher to get a loan or credit card.