Relevant:
- MBS yields have dropped below 4.0%, and mortgage rates are likely to follow them down (tho not that far).
- Mortgage Modifications Are Not Only For The Poor
- Loan Modifications Stop Foreclosures, Study Shows. DOER ALERT!
- Mandelman's Monthly Museletter -- Version 12.0
- http://www.thetruthaboutmortgage.com/loan-modifications-up-at-fannie-freddie-but-so-are-late-payments/
2010-09-28 — thetruthaboutmortgage.com
"More than 90 percent of loan modifications implemented during the second quarter of 2010 reduced borrowers’ monthly principal and interest payments, while 56 percent reduced payments by more than 20 percent."
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