Can you recommend a company specializing in mortgage modifications?
No, we're not in a position to do that. You should know that "loan mod scammers" are everywhere; before you consider even talking to one you should read this warning from the FTC: http://www.ftc.gov/bcp/edu/pubs/consumer/homes/rea16.shtm
After that, why not check out the new site from Fannie Mae --
http://www.knowyouroptions.com/ -- which will help guide you through the process... including ways to get in touch with HUD-backed housing counselors who can help.
Also, there's always http://www.makinghomeaffordable.gov - the original location to find help and resources.
More help from HSH.com
Advantages of a FHA mortgage in 2017FHA loans have become more affordable in 2015, thanks to a drop in the annual mortgage insurance premium that the Federal Housing Administration charges.
Streamline Refinance Program to Replace HARPThe HARP refinance program for troubled or underwater homeowners will come to an end in 2017, but a new streamline refinance program will takes its place.
Flex Modification: An outline of HAMP's replacementThe Making Home Affordable Home Affordable Modification Program comes to an end on December 31, 2016, but is being replaced by a new Flex Modification program from Fannie Mae and Freddie Mac.
HSH.com’s yearly outlook: 2017 - Nine forecasts and outlooksAt the start of each year, HSH.com details the important factors we think are most likely to influence the mortgage and real estate markets in the coming year.
HSH.com on the latest move by the Federal ReserveThe Federal Reserve concluded a meeting today with no change to the federal funds rate and no changes to other monetary policy tools.