Could LOAN-MOD DEFAULTS Kill the Recovery?

February 2013
Mortgage Banking;Feb2013, Vol. 73 Issue 5, p38
The article focuses on the effect of the re-default rates of loan modification on the housing recovery in the U.S. It discusses the H.R. 8, the American Taxpayer Relief Act of 2012. The act includes the extension on the mortgage debts on short sales. It also discusses the impact of the Federal quantitative easing (QE) policies on loss mitigation. It also presents statistics related to short sales, foreclosure sales and loan modification.


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