A new study suggests homeowners who receive mortgagemodifications are more faithful on other loans even if they laterdefault on the original mortgage loan modification agreement,according to TransUnion, one of the three nationwide credit bureaus.

This improved performance occurred despite the fact that nearlysix in 10 mortgage modifications went 60 or more days delinquent 18months following the modification date, the credit bureaureported.

“The purpose of this study was to learn how consumers performedon other loans opened following serious mortgage delinquency, andwhat impact mortgage mods might have on that performance. To dothis, first we needed to determine the outcome of certain mortgageloan modification programs,” said Steve Chaouki, group vicepresident in TransUnion's financial services business unit.