2013-07-24 — wyff4.com
``The inspector general said it found some "clear patterns" in its own research. Homeowners who were most likely to re-default were the ones who received the smallest reduction in their loan payments or overall debt, were still underwater on their mortgage or had subprime credit scores and high overall debt at the time the modification took place.
The Treasury is currently researching the performance of modifications under the HAMP program and working on ways to improve the re-default rates, a Treasury official said at a press conference on Tuesday. ''
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