Modified Mortgage Loans Not Performing
Posted December 10th, 2008 by adminAccording to a federal regulator more than half of delinquent borrowers who had their bad credit mortgages modified prior in the year to prevent foreclosure were behind on their new home loan payments after just 6 months. John C. Dugan, US comptroller of the currency, announced at a housing forum yesterday that data his agency [...]
Tags: bad credit mortgages, foreclosure crisis, foreclosure prevention, loan modification, mortgage lenders
Filed under:National Foreclosure News