Relevant:
- More than Half of Completed Loan Modifications Re-Default; Why?
- Re-Default Redoux... The Debate Over Loan Mods is as Stupid as Ever.
- 11 percent of hamp modifications back in default
- Loan Modification Push Will Affect Securitized Mortgages: Fitch
- Investor-Owned Mortgages Have High Re-Default Rates, Says Report
2009-05-27 — thetruthaboutmortgage.com
So much for loss mitigation…
Between 65 percent and 75 percent of modified mortgages may re-default after 12 months, according to a new report from Fitch Ratings.
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