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.