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Loan Modification

: The Truth About Mortgage.com

Loan Modifications Are Getting Better

By scot184

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It appears as if more recently completed loan modifications are performing better than their predecessors, according to the latest Mortgage Metrics Report from the OCC. More than 90 percent of loan modifications implemented during the second quarter of 2010 reduced borrowers? monthly principal and interest payments, while 56 percent reduced payments by more than 20 percent. And [...]

Full post as published by The Truth About Mortgage.com on September 28, 2010 (boomark / email).

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