Banking regulators say more than half of homeowners who modified loans are in default again |
| 12/8/2008 12:36:23 PM |
By Alan Zibel, AP Real Estate Writer
WASHINGTON (AP) -- More than half of all homeowners who had their loans modified to make the payments more affordable in the first half of the year are already in default again, banking regulators said Monday.
The new data raise questions about whether government money may be better spent on creating jobs, rather than averting... Read More |
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