Banks too overwhelmed or in denial? The ever-increasing delinquency-to-foreclosure timeline and the question of whether loan modifications really work, as well as the inevitability of a delayed next-wave of foreclosures were among themes under discussion at the recent Mortgage Bankers Association’s Servicing Conference. Don't beleive the feel good news- but do buy at 2001-2003 prices.
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false hope for real estate recovery
Banks too overwhelmed or in denial? The ever-increasing delinquency-to-foreclosure timeline and the question of whether loan modifications really work, as well as the inevitability of a delayed next-wave of foreclosures were among themes under discussion at the recent Mortgage Bankers Association’s Servicing Conference. Don't beleive the feel good news- but do buy at 2001-2003 prices.