Colorado Springs Business Journal » Blog Archive » Homeowners in financial trouble often redefault

Homeowners in financial trouble often redefault

by Associated Press

Published: September 30,2009

Time posted: 11:53 am

WASHINGTON (AP) - Lenders are ramping up efforts to avoid home foreclosures, but a report by bank regulators says more than half of borrowers who get help fall behind again. More than 50 percent of homeowners with loans modified in the first half of last year had missed at least two months of payments a ...

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