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Loan Modification

: The Truth About Mortgage.com

Most Loan Modifications Expected to Fail

By scot184

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While both HAMP and loan servicer-specific loan modifications are on the rise, most are expected to re-default, according to a new report from Fitch Ratings. Roughly 15 percent of all residential mortgage-backed securities (RMBS) have received either a HAMP or non-HAMP loan modification through May, up from 10 percent in September 2009. And nearly 35 percent of [...]

Full post as published by The Truth About Mortgage.com on June 16, 2010 (boomark / email).

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