The loan-level data that they plan to provide in the future will be useful for analyzing the relative effectiveness of alternative strategies for loan modifications. 4  BIS Review 152/2008  Beyond these efforts, two government programs to facilitate loan modifications have been authorized, both through the Federal Housing Administration (FHA).
The FHASecure program has provided long-term fixed-rate mortgages to borrowers facing a rise in payments due to an interest rate reset.