Loan Modifications Special Report
A New Report from Inside Mortgage Finance to Help You Manage Risk and Mitigate Losses.
This exclusive report from Inside Mortgage Finance will help you guide your business through these difficult times as you work to manage your exposure. With loan resets, defaults and foreclosures dominating the market in 2008, you need to be prepared for the unprecedented challenges ahead.
Gain perspective on the ins and outs of this hotly debated topic with insight from industry experts. Compiled in part from Inside Mortgage Finance's recent audio conference, this thorough 100-page executive summary will help get you up to speed on what the aggressive push for loan modifications may mean for you and your business. Click here for the table of contents.
Highlights of the Loan Modifications report include:
- The American Securitization Forum's rationale behind their loan modifications guidelines;
- An explanation of why loans do not have to be delinquent to quality for modification;
- Freddie Mac's efforts to eliminate arrearages and prevent re-defaults;
- Quantum Servicing's first-hand experience using work outs on different types of nonperforming mortgages including its forbearance-to-modification program; and
- The consumer advocate perspective and loan modification concerns from the Center for Responsible Lending.
Will loan modification be a cost-effective solution to rising mortgage defaults? Or will most modified loans wind up in default at a later time? How do you overcome pooling and servicing agreements that limit modifications in a securitized pool? What issues do second mortgages raise? Find out with this report.
The report also contains additional supplementary documentation including:
- Analysis of Moody's report on loan modifications; The complete text of the American Securitization Forum's loan modification guidelines;
- The SEC's affirmation that the ASF framework is consistent with FAS 140 accounting guidelines;
- Commentary on an industry white paper analyzing the ASF guidelines;
- A look at the accounting issues raised by the ASF guidelines; The Department of the Treasury's perspective and conclusions on the ASF framework;
- The MBA's response to the FASB concerning FAS 114 and FAS 5 requirements;
- A look at the FDIC's case for modifications;
- Additional questions and answers surrounding loan modifications;
- And more!
