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Home » Store » News » Mods Helping Subprime Performance Temporarily

Mods Helping Subprime Performance Temporarily

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Non-prime servicers continue to increase their modification efforts, helping to limit subprime delinquency rates in recent months. However, missed payments are a major concern as the majority of non-prime mods are expected to re-default. The total delinquency rate on subprime mortgage-backed securities issued between 2005 and 2008 peaked at 54 percent...
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