For homeowners facing high monthly mortgage payments, selling your house and walking away from the mortgage may be the only option.

A combination of low interest rates being held by the Federal Reserve and new loan modification programs developed by the Obama Administration has provided incentive for Americans to refinance their mortgages

As unemployment continues to hover around 10%, and the economy shows signs of a slow recovery, mortgage delinquency rates have skyrocketed, reaching 10% last month.

Bank of America, the nation's largest mortgage servicing company, has formally agreed to participate in the second-lien component of the government's Home Affordable Mortgage Program (HAMP).

US homebuyers have not been as willing to purchase foreclosed homes recently, compared to six months ago.

2009 has been one of the most difficult years for householders in the United States.

As unemployment and business failures have undermined their abilities to meet mortgage payments, hundreds of thousands of Americans have been confronted with the loss of their homes.