claim: of the more than 1.3 million temporary mortgage modifications, over half have defaulted.
author: marco rubio
evidence_1: something like half will eventually re-default, leaving perhaps 300 thousand ...  large scale mortgage modification for a higher level view. .... temporary  assistance for unemployed homeowners while they search for re-employment  .... times that “[e]ighteen months into the program, hamp has helped more than  1.3 million ...
evidence_2: of the more than 1.3 million temporary mortgage modifications, over half have  defaulted. ... "the taliban has been there for years and years, i mean, hundreds  of ...
evidence_3: 6 months, more than one-half of all modified loans were 30 days or more  delinquent and more .... would result in more defaults than otherwise would have  occurred. to limit the moral .... ritizations, which covers about 1.3 million loans,  mostly originated in 2005 and 2006. .... are permanent or temporary for this  sample.
evidence_4: sep 8, 2008 ... questioned whether mortgage servicers have the right incentives to work out ....  subprime mortgages accounted for well more than half of ... subprime mortgages,  which are likely to peak at 1.3 million this year as the ... sum of temporary  forbearance cases, repayment plans, and modifications) totaled.
evidence_5: all loan balances being in arrears of greater than ninety days (90+ dpd) ... bank  of ireland mortgage arrears statistics; left hand axis: millions of euro of total loan  .... temporary modification while 7,755 have had no modification whatsoever. ...  all loans classified in buckets (5) to (7) are in mortgage default as per the basel ii.