Fitch Ratings, a financial rating and advisory firm, issued a recent report predicting that 55-75% of all HAMP loan modification recipients will re-default, or fall behind again on their mortgage payments after their loans are modified.
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HOPE NOW reported loan modification numbers just recently, and there’s been an interesting change. What’s been nice in the past is they’ve been relatively consistent in the numbers that they report, as well as how they report them. Previously, it’s been fairly easy to see if loan modification numbers were increasing, decreasing, or treading water.
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