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Volume 2009 - Number 14

July 2, 2009

Non-Prime Modifications Increase in 1Q09

Non-prime loan modifications increased again in the first quarter of 2009 and are set to grow going forward as servicers implement the Obama administration’s Home Affordable Modification Program. Some 23 servicers have been approved for the program, with $17.98 billion in incentive payments authorized for the firms, whose portfolios account for the vast majority of outstanding...

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