"Mortgages modified with affordability in mind redefault at half the rate of other adjusted loans, a government report has found.
Only 23% of borrowers had fallen behind in their payments within six months if their modifications lowered monthly payments by more than 10%, according to a quarterly mortgage report released Friday by the Office of the Comptroller of the Currency and the Office of Thrift Supervision.
This compares with 46% of borrowers whose payments rose by more than 10% and 51% whose payments were unchanged."
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