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Home » Store » News » Re-Default Rates Lowest on Portfolio Mods

Re-Default Rates Lowest on Portfolio Mods

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Modifications on mortgages held in servicers’ retained portfolios continue to perform better than mods on mortgages serviced for others. Principal forgiveness appears to be the most significant factor in portfolio mod performance, according to new data from the Office of the Comptroller of the Currency and the Office of Thrift Supervision. Of the 343,153 portfolio mortgages... [Includes one graph]
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