Loans that had modifications completed since 2014 are redefaulting faster than those modified in previous years, according to a report from Fitch Ratings.

The cumulative default rate of loans there were modified in 2015 was higher than any modification since 2010, Fitch found based on its analysis of Fannie Mae's loan-level historical data. Overall, 75% of the loans that redefaulted did so within the first two years following modification.

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