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More Troubled Subprime Borrowers Not Receiving HelpAn increasing number of seriously delinquent borrowers are not on track for any loss mitigation, according to a group of state regulators. The number hit nearly 80 percent in May, according to a report released last week by the State Foreclosure Prevention Working Group. “This declining trend of new loans in process suggests that new loan modification approaches have... Subscribers have free access to the archives. Click here. | |||||||||||||||||
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| © Copyright 2008, Inside Mortgage Finance Publications 7910 Woodmont Ave., Suite 1000, Bethesda, MD 20814 Tel: (301) 951-1240; Fax: (301) 656-1709 All rights reserved. Photocopying or electronic distribution of this web page or any of its contents without prior written consent of the publisher violates U.S. copyright law, and is punishable by statutory damages of up to $150,000 per infringement, plus attorneys' fees (17 USC 504 et seq.). Without advance permission, illegal copying includes regular photocopying, faxing, excerpting, forwarding electronically, and sharing of online access.  | |||||||||||||||||
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