what is Loan Modification?I currently have a have a motgage with National City. Just became 1 payment behind after 2 years. Low credit score 540. Medical collections starting to appear on credit. I wanted to find out about Loan modification, what does it exactly do to your credit? Don't want another late payment. Any suggestions would be greatly appreciated. Btw- In the process of Streamlining loan since May23rd still today broker says in the last stages to hang on. When he said that it would take 2 weeks. That isi one reason of late payment.July 12 2008 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.