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Home » Store » News » Non-Prime Mods Increase, but Not for GSEs

Non-Prime Mods Increase, but Not for GSEs

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Subprime loan modifications continue to increase on a quarterly basis, according to the Hope Now Alliance. However, loss mitigation on nonprime mortgages held by Fannie Mae and Freddie Mac decreased before the federal government forced the companies into conservatorship. Some 187,161 subprime modifications were completed by Hope Now servicers in the third quarter of 2008, more than...
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