OCC Report: More often than not, loan mods aren’t working
September 30, 2009 by admin
Filed under Mortgage Mess
It ended up being a late night for me last night and I wasn’t up to commenting much on the latest Mortgage Metrics Report from the Office of the Comptroller of the Currency. I thought however that the following two charts spoke volumes about loan modifications, so I thought I’d let them speak for themselves: [Thanks L!]
Just off hand I’d say that for the most part, loan mods aren’t working out. What do you think?
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