Why DON’T lenders want to renegotiate more delinquent loans
By: Myles, July 7th, 2009
The Federal Reserve Bank of Boston just published an abstract ominously entitled Why Don’t Lenders Renegotiate More Home Mortgages? Redefaults, Self-Cures, and Securitization.
As frightening as the title is, the results are worse. Unfortunately the facts demonstrate a sorrowful reality. The authors analyzed 665,410 loans originated between 2005 and 2007 that were over 60 days […]
Tags: Loan Defaults
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