The Real Estate Encyclopedia
Modifying mortgages may just prolong pain
Category - Mortgage Questions - Mortgage Loans FAQ's
MORTGAGE MODIFICATIONS

As lawmakers and housing advocates push the federal government to help cut the foreclosure rate, some data indicates that more than half of loans modified in the first quarter of 2008 still fell delinquent within six months. Experts say one possibility is that the modifications might not have lowered monthly payments enough to be truly affordable.

Read the full story:

http://www.floridarealtors.org/NewsAndEvents/n4-121208.cfm
 
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Mortgage Questions - Mortgage Loans FAQ's
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