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Contents
 BankNet  HelpWithMyBank.gov  Job Seekers |
New Modifications Relative to Newly Initiated ForeclosuresThird Quarter 2008 New modifications as a percentage of newly initiated foreclosures increased in all categories except “other” loans. New modifications as a percentage of newly initiated foreclosures varied directly with the risk of the loan. The ratio was consistently highest for subprime loans and consistently lowest for prime loans.
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