Compared to what? Part 1, the fix we’re in
“How’s your wife?”
“Compared to what?” Ba-da-bing!
– Henny Youngman one-liner
As the subprime mess continues to unfold, with rate and payment resets looming, Federal and state agencies rushing to offer refinancings or borrower relief, a gradually swelling chorus is advocating loan modifications and restructurings. As I’ve previously posted, securitization has made loan modification more complicated, and a […]
