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Loan Modification

: Loan Modification & Home Loan News

Half of all loan modifications redefault in one year

By Moe Bedard

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NEW YORK (CNNMoney.com) — More than half of all homeowners with modified mortgages fell at least two months behind in their payments a year after the adjustment was made, according to a federal report released Wednesday. However, the data also shows that modifications made in 2009, which emphasized reduced monthly payments, may perform better. Only [...]

Full post as published by Loan Modification & Home Loan News on June 24, 2010 (boomark / email).

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