Compared to what? Part 4: New rules for old!
[Continued from previous Part 1, Part 2, and Part 3 ]
Now that we’ve devoted about 3,500 words to expositing Joseph R. Mason’s new article, Mortgage Loan Modification: Promises and Pitfalls, we can finally evaluate his proposed solution.
It’s easy to untangle this mess
First, a teaser:
Like securitization, modification has evolved in a regulatory vacuum.
How dare those markets […]
