1) The bank asks some “qualifying” questions and makes you an offer you can’t refuse.
2) Your behind or it’s getting close so you say OK. The offer can be as weak as taking the payments you missed and adding them to your monthly statement, raising it for 3 month to “get even”.
3) Unless your “fixen” to make a lot more money, it will never work but still you say OK - they hold all the cards - until now!

"Is there a new program that lowers my payments?"

Now, literally, ALL housing money is Government backed
So if you want to Buy or Keep a home the key question is -
Is there a program right for me?

The Fed is throwing money out like life preservers to Save Homeowners. If you need a lower payment - now is the time to act!