This is the most comprehensive and excellent article I have read on the modern grace message. I offer it for your edification.
link > Modern Grace Message: Revolution or Rebellion?
link > Modern Grace Message: Revolution or Rebellion?
"Though the Antinomian heresy has surfaced with varied justifications and emphases over the centuries, its latest explosion in the so-called “grace” movement has its most immediate roots in the extreme manifestation of Darbyite Dispensationalism referred to as the “Free-Grace” movement of the 20th century (led by teachers such as Lewis Sperry Chafer, Zane Hodges, and Charles Ryrie) that eventually persuaded some of its number to become near or even complete universalists, believing that not even specific belief or trust in Christ or the cross was required to be saved, since, according to them, “grace” meant there are no requirements or conditions of any kind for salvation. "
"The Bible, however, teaches that saving grace is not given to all but only to those who have biblical faith – something the Bible says has very strong doctrinal content and moral consequences. While the doctrinal content and moral consequences of faith do not work for or earn salvation, they are indispensable parts of the bucket that receives God’s free gift. As is often said (following Calvin) we are saved by faith alone but the faith that saves is not alone (see, for example, James 2:14-26). We are saved from our sins and any so-called salvation that does not result in our turning away from habitual, willful sin is not biblical salvation."
"The Bible, however, teaches that saving grace is not given to all but only to those who have biblical faith – something the Bible says has very strong doctrinal content and moral consequences. While the doctrinal content and moral consequences of faith do not work for or earn salvation, they are indispensable parts of the bucket that receives God’s free gift. As is often said (following Calvin) we are saved by faith alone but the faith that saves is not alone (see, for example, James 2:14-26). We are saved from our sins and any so-called salvation that does not result in our turning away from habitual, willful sin is not biblical salvation."