Date: July 28th, 2009

Won’t or can’t? Part 2, how fast a fix?

28 July, 2009 (09:14) | Affordability, Foreclosure, Loan servicing, Subprime, US News, Workouts | No comments

[Continued from yesterday’s Part 1.]
 
Yesterday we saw that even with strong Administration and Congressional pressure for lenders to modify loans, and modest financial incentives to loan servicers achieving successful workouts (we’ll return to those below), as chronicled in this Wall Street Journal, many people – at least, the Journal had no trouble finding plenty – [...]