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Loan Modification

: Mortgage Lender Implode-o-Meter

HUD Predicts HAMP Re-Default Rates to be 'Significantly Lower' Than Expecte

By Implode-Explode Heavy Industries

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"As efforts continue to mend millions of defaulted mortgages through the government's Home Affordable Modification Program (HAMP), Shaun Donovan, secretary of the Department of Housing and Urban Development (HUD), told REO Insider that re-default rates on mortgages modified under the program will be ?significantly lower? than what market commentators have predicted."

Full post as published by Mortgage Lender Implode-o-Meter on August 04, 2010 (boomark / email).

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