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Home » Latest OCC Data Reveal That Many Loan Modifications Merely Delay Foreclosure
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Latest OCC Data Reveal That Many Loan Modifications Merely Delay Foreclosure

December 11, 2008
A top banking regulator offered more sobering data on modified mortgage loans that end up in default again within a few months – a problem that could worsen as the housing market and economic conditions continue to deteriorate and lenders press to do even more loan modifications. Comptroller of the Currency John Dugan revealed a sneak preview of his agency’s mortgage metrics report, which he...
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