Tag: loan modifications
Do loan modifications work?
The NY Times reported in this article that over half of borrowers who had their loans modified in the first 3 months of 2008 are again at least 30 days delinquent on their mortgage. This raises questions as to the effectiveness of loan modifications. Or, it may also lead to questions about how loans are [...]
Posted: December 9th, 2008 under Credit Crisis.
Tags: loan modifications
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