About Government Refinance and Home Purchase Programs

Information and Updates on Government Mortgage Programs
Filed under Government Mortgage Financing Programs News

Nobody should be surprised but a study that came out recently showed that loan modifications that keep payments the same or result in higher payments end up going badly. By contrast, loan modifications that reduce monthly payments by more than 10% have a much higher chance of working. See some useful graphs here. Let’s hope lenders are paying attention.

Comments Off on Surprise, only loan modifications that lower payments work Posted by G.R.A. Admin on Sunday, April 5th, 2009


You can follow any responses to this entry through the magic of "RSS 2.0" and leave a trackback from your own site.

Comments are closed.