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Loan Modification

: Loan Modification & Home Loan News

Half of loan modifications default again

By Moe Bedard

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March 25 (Bloomberg) — More than half of U.S. borrowers who received loan modifications on delinquent mortgages defaulted again after nine months, according to a federal report. The re-default rate of loans modified in the first quarter of 2009 was 51.5 percent by the end of the year, the Office of the Comptroller of the Currency and [...]

Full post as published by Loan Modification & Home Loan News on March 26, 2010 (boomark / email).

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