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Non-Prime Loan Modifications Expected to Increase
Non-prime servicers are expected to increase their loan modification efforts in 2009 as the sector’s performance continues to decline. Meanwhile, a debate is brewing about the effectiveness of the mods completed thus far. Completed subprime loan modifications increased slightly in November to 74,000, up 1,000 from the previous month, according to the Hope Now Alliance. Subprime repayment plans...
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