Are Loan Mods Helping?

Are loan mods helping homeowners avoid foreclosure, thus aiding the housing market and the U.S. economy? It appears so.

Delinquent loans appear to be near a peak at certain lenders and they are looking to do something about it.

Modified loans have been rising and if the loans had not been modified, they would have been classified as nonperformers and thus hurting the bank’s bottom line.

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