Relevant:
- Re-Default Redoux... The Debate Over Loan Mods is as Stupid as Ever.
- Failure Rate Rises on Mortgages Revised in Late 2008, U.S. Says
- Bank Loan Mod Re-Defaults: A Horrible Record (Barron's)
- More prime mortgages default in 3rd quarter
- HUD Fails to Track Almost 13,000 Defaulted HECM Loans says OIG Report
2009-09-30 — businessinsider.com
" The latest data from the Office of the Comptroller of the Currency (OCC) shows that over 50% of homeowners who had their loans previously modified in order to avoid foreclosure have re-defaulted. This seems like an awfully high failure rate"
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