There's just one day left to cash in on a once-in-a-lifetime chance to lower mortgage rates.

Equity rich but cash poor black households hardest hit by the crippling subprime lending scheme have benefited less than predatory financial institutions from stimulus dollars meant to help them recover, say fair lending advocates and loan modification analysts.

THE OPTIMUM policy for the home foreclosure crisis is to modify the loans of as many distressed homeowners as possible. Making mortgage terms more affordable by mutual agreement enables families to stay in their houses, props up neighborhood home values and saves banks the huge costs of seizing and...

When the Obama administration was bailing out the financial industry last year, it also offered relief to strapped homeowners trying to stave off foreclosure. It said the Making Home Affordable program would help up to 4 million borrowers reduce their monthly house payments.

United Law Group clients continue to benefit from the firm’s ongoing litigation efforts. Dr. Vanessa Taylor of Norco received a permanent loan modification that reduced the rate from 9.5% to 4.98% for her disabled, aged parents who found themselves in a predatory loan. This will save the couple $288,600 over the 26-year life of the loan. Dr. Taylor’s ARM which was over 8% is now set at 4.9% rate ...