Happy Monday, and happy SPRING!
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The Washington Post is reporting this month that the average national rate for a default AFTER completing a HAMP refinance is currently over 1 in 4. The rate for the Midwest is even higher, topping 30%. Additionally, the program slashed rates on these borrowers for a time length of five years. The first entrants into the program began in 2009; their rates should rise sharply this year. For more on this story, you can read the entire article here --> http://wapo.st/1gtZDrX
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In better news, Cardinal baseball returns THIS SUNDAY in an away game versus the Reds. Ready for baseball to return to the 'Lou? Check out the progress that Ballpark Village has made while we've all been buried in the snow. via stltoday.com --> http://bit.ly/NKcOIo
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