Loan Modifications Down 16.5% In May

06 Jul 2009

The number of loan modifications completed in May dropped 16.5%, while repayment plans rose 6.5%, according to Hope Now.

The number of loan modifications completed in May dropped 16.5%, while repayment plans rose 6.5%, according to Hope Now. The organization attributed the lower number—101,000 in May, compared with 121,000 in the preceding month—in part to the launch of the administration’s Home Affordable Modification Plan, which requires a ...

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