22% of private mortgage mods redefault

September 24th, 2010

Banks have been ramping up their mortgage modifications, helping out troubled borrowers who can't qualify for President Obama's foreclosure-prevention program. Too bad these homeowners redefault at more than twice the rate.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/4KxNwYtJbDk" height="1" width="1"/

Home mortgage rates and real estate news - CNNMoney.com

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