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Industry Modification Efforts Have Matured But Loans Are Harder To Get

Posted by: In: Real Estate 07 Apr 2014 Comments: 0 Tags: ,
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Black Knight Financial Service’s Mortgage Monitor Report reports effective loan modification efforts have shown far fewer defaults, which helps those underwater already in homes. However, those looking to get a home that have had some trouble in the past may hit a brick wall, as only 30% of loans last year went to borrowers with credit scores below 720, which isn’t even close to the subprime score of 620.

The post Industry Modification Efforts Have Matured But Loans Are Harder To Get appeared first on DSNews.com.

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Source: DSNews

    

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