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Real Estate & Property Law

: Housing Wire

Prime Mortgages Dominate Workout Efforts

By DIANA GOLOBAY

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Mortgage industry professionals saw a record number of mortgages enter some form of workout plan in April as foreclosure moratoriums at government-sponsored enterprises began to expire. Prime mortgages now account for more than half of the industry’s efforts. The mortgage industry modified 127,000 mortgages in April, down from 133,910 a month earlier. With another 142,831 mortgages in [...]

Full post as published by Housing Wire on May 27, 2009 (boomark / email).

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