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Real Estate & Property Law

: Housing Wire

Redefaults a Problem, OCC?s Dugan Says

By PAUL JACKSON

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As if you couldn’t see this one coming a mile away: more than half of the loans modified in the first quarter of 2008 had redefaulted within six months of modification, according to statistics released Monday by the Office of the Comptroller of the Currency. “After three months, nearly 36 percent of the borrowers had re-defaulted [...]

Full post as published by Housing Wire on December 08, 2008 (boomark / email).

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