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Archive Home > 2010 > April > 15 > Failures up in modified mortgages

Failures up in modified mortgages

By David Streitfeld / The Bulletin
April 15, 2010

The number of homeowners who defaulted on their mortgages even after securing cheaper terms through the government’s modification program nearly doubled in March, continuing a trend that could undermine the program.

Data released by the Treasury Department and the Housing and Urban Development....

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