New Modifications Especially Prone to Re-Default

2 Comments / CDO, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage / By

August 10, 2009 Editorial $75 Billion Carrot, but Few Nibbles In March, the Obama administration began an antiforeclosure effort that offers lenders up to $75 billion in incentives to modify troubled mortgages. If that sounds like a lot of money, it is. But so far, it has not been enough to persuade the mortgage industry …

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