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View Full Version : Failure Rate Rises on Mortgages Revised in Late 2008, US Says - Bloomberg



NewsWhore
04-03-2009, 09:11 AM
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Failure Rate Rises on Mortgages Revised in Late 2008, US Says (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3Da2t62x0yDW84%26refer%3Dhome&cid=1325469981&ei=OgzWSeOIFaSmQd2W4YYE&usg=AFQjCNEs_TJhbHzx0rGuDxWFsdqsVbmneQ)
Bloomberg
Loans modified in the first quarter to help borrowers keep their homes fell delinquent 41 percent of the time after eight months, and second-quarter loans had a 46 percent default rate, the Office of the Comptroller of the Currency and Office of Thrift ...


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