Steve Jolly - The REO Expert for Greater Nashville

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• Fitch Expects Re-Defaults on 75 Percent of Subprime Loan Modifications

  Fitch Ratings took a closer look at servicers' loss mitigation efforts among residential mortgage-backed securities (RMBS) in a special report issued last week. The agency found that while home loan workouts to avoid foreclosures have increased substantially, Read More... Posted Monday, June 01, 2009 8:32 PM by Steven Jolly | 0 Comments Filed under: REO, Foreclosures, Fitch Ratings, loan modification, Default

• Loan Modifications Fail to Stop Foreclosures

  Fitch Ratings is slated to release a report this week showing that 65 percent to 75 percent of modified subprime loans will still fall behind by 60 days or more within one year of the loan change . Although some experts believe that reducing the principal Read More... Posted Tuesday, May 26, 2009 11:21 PM by Steven Jolly | 0 Comments Filed under: REO, Foreclosures, Fitch Ratings, loan modification, redefault