Research Suggests Securitization Isn’t the Hangup in Mortgage Loan Modifications, Other Risks Involved
July 10, 2009
Servicers dealing with distressed mortgage loans may be reluctant to undertake loan modifications because of key overlooked risks rather than constraints imposed by the mortgage securitization business, according to a new study by Federal Reserve economists released this week. The analysis of loans that became 60-days or more past due found that loan modification rates were...