Sunday, October 5, 2014

Loan Mod Default: Residential loan delinquency rates very high at major banks

Shadow inventory is primarily a problem for major commercial banks. The GSEs have been processing their foreclosures, and although delinquencies at the FHA are increasing, these are fresh delinquencies, not long-term shadow inventory. The too-big-to-fail commercial banks have been endlessly...
Residential loan delinquency rates very high at major banks




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