Tag Archive | "loan modifications"

Two-time Losers Flood Foreclosure Inventory

Friday, December 2, 2011

1 Comment

Nearly half, 45 percent, of October foreclosure starts were redefaults-mortgages which had previously defaulted and were modified unsuccessfully either by the lender or the federal government. About 105,000 redefaults increased total foreclosure starts in October to 232,865, 11.5 percent more than the level of a year ago.

Continue reading...

HAMP Cuts Re-default Rate

Friday, February 4, 2011

1 Comment

Homeowners who modified their mortgages under government's Home Affordable Modification Program (HAMP) are staying current on their loans at a far better rate than critics expected and are outperforming industry modifications, according to the largest data from the Treasury Department.

Continue reading...