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Many Borrows Re-Default After Mortgage Is Modified  - Real Estate * US * News * Story
Many Borrows Re-Default After Mortgage Is Modified - Real Estate * US * News * Story
Recent data suggests that many borrowers who received help with mortgage modifications earlier this year tended to re-default on their payments, a top U.S. banking regulator said on Monday. "The results, I confess, were somewhat surprising, and not in a good way," said John Dugan, head of the ...
US Predator hits al Qaeda target in North Waziristan kills 3
US Predator hits al Qaeda target in North Waziristan kills 3
longwarjournal.org — Map of the tribal areas and the Northwest Frontier Province. The government signed peace agreements in the... red agencies/ districts (the military said Shangla was under Taliban control in October); purple districts are under de facto ... (more) US Predator hits al Qaeda target in North Waziristan kills 3
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Shocka...People Who Defaulted On Their Mortgages Did So Again After It Was Restructured
Ace of Spades HQ — Shocka...People Who Defaulted On Their Mortgages Did So Again After It Was Restructured It's almost as if they don't have enough money to support the size homes they purchased or something. "The results, I confess, were somewhat surprising, and not in a good way," John Dugan, head of the U.S. Office of the Comptroller of the Currency, said in prepared remarks for a U.S. housing forum. "Put simply, it shows that over half of mortgage modifications seemed not to be working after six months." Dugan said based on data collected from some of the biggest U.S. institutions, like ...

Many Borrowers Re-Default After Mortgage Is Modified
Democratic Underground Latest Breaking News — Source: Reuters/CNBC Many borrowers who received help with mortgage modifications earlier this year tended to re-default on their payments, a top U.S. banking regulator said on Monday, citing recent data. "The results, I confess, were somewhat surprising, and not in a good way," John Dugan, head of the U.S. Office of the Comptroller of the Currency, said in prepared remarks for a U.S. housing forum. Read more: http://www.cnbc.com/id/28112901 This is extremely bad news for several reasons. The slide in house prices cannot possibly stop until the mortgage market stabilizes and ...

Half of mortgage modifications re-defaulting within 6 months
AMERICAblog News| A great nation deserves the truth — This is really bad news in every imaginable way for this economy. In order to move forward we need housing to settle and it just gets worse. Hopefully the best and brightest are re-thinking the plan. ...

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