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September 26, 2014

Principal Reduction Loan Modifications Fall Out of Favor with Banks

By Brandon Ivey

The megabanks also decreased their use of interest rate reductions on loan modifications...

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Poll

With the spring homebuying season in full swing, what percentage of your March 2017 application volume has been for “purchase” loans?

75% or higher

48%

50% to 74%

24%

30% to 49%

14%

Under 30%

14%