Items Tagged with 'delinquent'

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Performance of Modified Loans Improves

FHFA releases third-quarter foreclosure prevention report.

Loans modified during the last three quarters are performing substantially better three months after modification, compared to loans modified in earlier periods.


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Is There a (Juris) Doctor in the House?

There's a 60% default rate associated with modified mortgages.
Millions of mortgages have been shipped around the global financial system—sold and resold—without the documents that traditionally prove who legally owns the loans and the properties.
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