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Loan Modification

: Loan Modification & Home Loan News

Mortgage Principal Cuts on the Bankers Menu

By Moe Bedard

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Banks may be forced to resort to a remedy they?ve been trying to avoid — principal reductions — as another wave of foreclosures looms and payments on risky loans rise, Bloomberg BusinessWeek magazine reports in the Jan. 18 issue. While interest-rate reductions or extending loan terms do reduce homeowners? monthly payments, they don?t give much comfort [...]

Full post as published by Loan Modification & Home Loan News on January 07, 2010 (boomark / email).

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