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217 Posts in 157 Topics- by 3204 Members - Latest Member: jatrialtsoomi

January 09, 2009, 10:58:55 PM
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Author Topic: Modified mortgage default rates  (Read 893 times)
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lizandjer
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« on: November 20, 2008, 01:22:45 AM »
According to an article on Marketwatch.com, the default rate on modified mortgages is a shocking 25% after just one modified mortgage payment and nearly 50% over all.  This differs from the FDIC's loan modification assumption of a 33% default rate.

Full Story:

Half of modified mortgages default again
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