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View Full Version : Mortgage Redefaults Fall in Third Quarter After Larger Payment Reductions - Bloomberg



NewsWhore
12-21-2011, 11:20 AM
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Mortgage Redefaults Fall in Third Quarter After Larger Payment Reductions (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGfwDBC94G0-6YmetB0LORLUbYIHA&url=http://www.bloomberg.com/news/2011-12-21/mortgage-redefaults-fall-in-third-quarter-after-larger-payment-reductions.html)
Bloomberg
Homeowners whose mortgage payments were changed under a program aimed at reducing foreclosures redefaulted at a slower rate after lenders gave more generous modifications, the US Comptroller of the Currency said today. About 18 percent of modified ...

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