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 (0) Posted by G.R.A. Admin on Sunday, April 5th, 2009

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