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Loan Modification

: Mortgage Lender Implode-o-Meter

loans modified in 2009 half as likely to re-default

By Implode-Explode Heavy Industries

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"Loans modified in 2009 are 40-50 percent less likely to be seriously delinquent six months after modification than loans modified in 2008, thanks in part to significant reductions in monthly mortgage payments, according to a new report from the State Foreclosure Prevention Working Group."

Full post as published by Mortgage Lender Implode-o-Meter on August 25, 2010 (boomark / email).

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