Redefault Rates on Loan Modifications Actually Improving, Says State Foreclosure Prevention Working Group

New York, NY – August 24, 2010 – (RealEstateRama) — While the number of foreclosures continues to seriously outpace the number of loan modifications being made, there are reasons to be optimistic about the performance of those loan modifications. According to a report issued today by the State Foreclosure Prevention Working Group, recent loan modifications are performing better than modifications made earlier in the mortgage crisis.


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