Thursday, June 17, 2010

Fitch Says 55-75% of HAMP Loan Mods Could Redefault.

Housing Wire has story HERE.
The agency projects 65-75% of modified subprime and Alt-A loans, and 55-65% of modified prime loans, will redefault within 12 months of modification, including redefaults on already re-modified loans.
Originally created and posted on the Oregon Housing Blog.

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