Thursday, July 23, 2009

FDIC Indy Mac Loan Modification Redefault Rate Better than Others?

Housing Wire story HERE says redefault rate for modified FDIC Indy Mac loans was 15.6% vs much higher rates reported by other loan modification programs.

(Caveat: I couldn't find any relevant report from FDIC website that provided details sufficient to see if this is an "apples to apples" comparison).

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