Ghost Towns: More Than Half of Modified Mortgages Fail Again, Regulators Say

Discussion in 'Wall St. News' started by Daal, Dec 22, 2008.

  1. Daal


  2. Lenders and loan-servicing companies have been modifying mortgages by lowering interest rates or creating repayment plans through the voluntary Hope Now Alliance

    I'm pretty sure I read that the primary reason these are failing the second time around is because the payments are not adjusted OR the payment is still not realistic for the borrower.
  3. Not surprised at all by this data. Only people who have their heads in the sand are surprised.......