Relevant:
- More than Half of Completed Loan Modifications Re-Default; Why?
- delinquencies down, but foreclosures up and loan mods performing poorly 2
- When Denying Loan Mods, Loan Servicers Often Wrongly Blame Investors
- report: loan servicer safe harbor will foster shoddy loan mods
- Loan servicers prefer big losses to loan forgiveness
2011-02-07 — thetruthaboutmortgage.com
"A slowdown in loan modifications means loan servicers will actually have to begin foreclosing on the many borrowers unable to keep up with their mortgage payments, instead of kicking the can down the road, according to a new report released today by Fitch Ratings."
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