Nearly Half of Freddie Mac Mortgage Modifications Redefault
November 4th, 2010
42% of mortgage modifications performed by Freddie Mac in second quarter 2009 have redefaulted. It appears these mortgage modifications, in too many cases, have simply delayed defaults. Is this a sign that Freddie Mac must take more active steps towards mitigating these loan liabilities by obtaining value enhancement services? Below is an article by Jon [...]