Loan Modification Can’t Help All Distressed Borrowers, But Potential Payoff is Worth Pursuing, Fitch Says
May 29, 2009
Loan modifications will not solve every problem loan, says Fitch Ratings in a new report released this week, but restructuring distressed loans can be successful if it benefits both the borrower and the MBS investor by producing an affordable payment stream that exceeds the return investors might get under other scenarios. Fitch said a loan modification’s success depends on its...