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Loan Modification

: The Truth About Mortgage.com

Loans Modified in 2009 Half as Likely to Re-Default

By scot184

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Loans modified in 2009 are 40-50 percent less likely to be seriously delinquent six months after modification than loans modified in 2008, thanks in part to significant reductions in monthly mortgage payments, according to a new report from the State Foreclosure Prevention Working Group. The data, which was collected from nine non-bank mortgage companies servicing 4.6 [...]

Full post as published by The Truth About Mortgage.com on August 24, 2010 (boomark / email).

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