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Loan Modification

: The Truth About Mortgage.com

Home Retention Acts Up, But Re-Default Rate Awful

By scot184

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A look at loss mitigation and re-default rates via the OCC and OTS Mortgage Metrics Report for the Third Quarter 2009: So-called ?home retention acts? (loan modifications, trial period plans and payment plans) totaled 680,153 in the third quarter, up 68.7 percent from the second quarter and 153.2 percent from a year ago. These actions relative to [...]

Full post as published by The Truth About Mortgage.com on December 21, 2009 (boomark / email).

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