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More Defaults in Loan Modifications

The Comptroller of the Currency and the Office of Thrift  Supervision report substantial and rising rates of re-default in cases where loans have been modified or payment plans offered to troubled borrowers.  The joint study shows increasing re-defaults both where the borrower has entered into a plan to catch up regular payments, and where the [...]div class="feedflare" a href="http://feeds.feedburner.com/~f/debtpodcast?a=AwjxO"img src="http://feeds.feedburner.com/~f/debtpodcast?i=AwjxO" border="0"/img/a a href="http://feeds.feedburner.com/~f/debtpodcast?a=IURDO"img src="http://feeds.feedburner.com/~f/debtpodcast?i=IURDO" border="0"/img/a a href="http://feeds.feedburner.com/~f/debtpodcast?a=D1ixO"img src="http://feeds.feedburner.com/~f/debtpodcast?i=D1ixO" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/debtpodcast/~4/492734975" height="1" width="1"/

Full post as published by The Debt Podcast on December 22, 2008 (boomark / email).