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Loan Modification

: The Truth About Mortgage.com

Home Affordable Trial Loan Modification Re-Default Rate Near 27 Percent

By scot184

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More than a quarter of trial loan modifications executed under the Making Home Affordable program are already delinquent, according to testimony from a Treasury official. Assistant Treasury Secretary Herbert Allison told a congressional oversight panel that over 73 percent of borrowers with trial loan mods are current, which after seeing other re-default numbers, seems pretty good. But [...]

Full post as published by The Truth About Mortgage.com on December 07, 2009 (boomark / email).

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