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Loan Modification

: Loan Modification & Home Loan News

Survival odds not good for modified loans

By Moe Bedard

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A credit rating agency says homeowners who get a mortgage modification are likely to redefault within 12 months because they have other debts they can’t afford, according to a report that Mortgage Lending News wrote about in an e-mail that just landed in my computer. Fitch Ratings, a New York based credit rating agency, in [...]

Full post as published by Loan Modification & Home Loan News on June 21, 2010 (boomark / email).

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