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Home » Servicers Ramp Up Loss Mitigation for Alt A
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Servicers Ramp Up Loss Mitigation for Alt A

September 19, 2008
Delinquency rates on Alt A mortgages continued to climb higher in the second quarter of 2008, pushing top servicers to more aggressively pursue loan modifications and other loss mitigation strategies, according to a new report from federal banking agencies.Some 5.83 percent of Alt A mortgages had reached seriously delinquent status as of the end of June, according to the...
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