Relevant:
- MBS yields have dropped below 4.0%, and mortgage rates are likely to follow them down (tho not that far).
- Mortgage Modifications Are Not Only For The Poor
- Mandelman's Monthly Museletter -- Version 12.0
- http://www.thetruthaboutmortgage.com/loan-modifications-up-at-fannie-freddie-but-so-are-late-payments/
- Obama Commits $275 Billion To Slow Foreclosures
2010-09-28 — thetruthaboutmortgage.com
"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."
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