WASHINGTON, DC-The government-altered mortgages included underthe Home Affordable Modification Program (HAMP) are doing worsethan previously estimated according to a new Treasury Departmentreport.


An HAMP report released last month highlighted the decline inredefault rates of mortgages under the program. However, theadministration retracted the report's findings when industryanalysts found discrepancies in the figures. The modified reportshows that 15% of modified mortgages were delinquent for 90 days ormore. For the full story, go to the Wall Street Journal.

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