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Modifications Rise Despite Subprime, Prime Disparity

The gap is slowly being closed — despite continuing evidence that prime borrowers are less likely than their subprime counterparts to receive a loan modification, data from industry coalition HOPE NOW on Tuesday suggested that at least some progress is being made to close the gap. Overall, the coalition said that servicers had executed more than 225,000 workouts foreclosures in October, 13,000 more than the record set last month.

Posted by Anthony Crecco on 11/25/2008 09:40 PM

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Loan Modification in the Real Estate Investing Channel

foreclosure short sale, short sale, distress loans

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Anthony Crecco

Thornwood, NY

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Crecco Real Estate

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