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It's like recidivism all over again

Started by Riversider
over 15 years ago
Posts: 13573
Member since: Apr 2009
Discussion about
http://www.ft.com/cms/s/0/3825f4b8-1387-11e0-a367-00144feabdc0.html#axzz19XthcRBF Even when borrowers receive loan modifications, they are redefaulting at high rates. According to a report by the Congressional Oversight Panel, 40 per cent of borrowers who receive a Hamp modification are expected to redefault over the next five years.
Response by columbiacounty
over 15 years ago
Posts: 12708
Member since: Jan 2009

who can we blame?

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Response by huntersburg
over 15 years ago
Posts: 11329
Member since: Nov 2010

Can you post the article, it requires a subscription.

Loan modifications don't address other debt, job losses, other monthly expenses. How deep are the loan modifications anyway?

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Response by columbiacounty
over 15 years ago
Posts: 12708
Member since: Jan 2009

very deep.

except for the ones that are fairly shallow.

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