The analysts at Barclays are predicting a 60 percent redefault rate over HAMP’s lifetime. A separate study by Fitch Ratings projects 55 to 75 percent.
http://www.treasury.gov/press/releases/tg819.htm
Friday, August 13, 2010
HAMP Redefaults
Redefault rate of HAMP modifications are that 10 percent of six-month-old permanent mods are 60-plus days delinquent, and 6 percent are 90-plus days delinquent.
The analysts at Barclays are predicting a 60 percent redefault rate over HAMP’s lifetime. A separate study by Fitch Ratings projects 55 to 75 percent.
http://www.treasury.gov/press/releases/tg819.htm
The analysts at Barclays are predicting a 60 percent redefault rate over HAMP’s lifetime. A separate study by Fitch Ratings projects 55 to 75 percent.
http://www.treasury.gov/press/releases/tg819.htm
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