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- Title
Mortgage Modification Activity--Recent Developments.
- Authors
GOODMAN, LAURIE S.; ASHWORTH, ROGER; LANDY, BRIAN; YANG, LIDAN
- Abstract
The article highlights the mortgage modification activity specifically in the subprime sector as of spring 2012. It states that principal reductions have become a larger overall share of modification activity and second modifications constitute 30 percent of all recent modifications. It also examines the total number of modifications and modification as the percent of unpaid principal balance. It also analyzes success rates on subprime modifications.
- Subjects
MORTGAGE modification; REVISIONS; LOANS; MODIFICATIONS; DEBT management
- Publication
Journal of Fixed Income, 2012, Vol 21, Issue 4, p55
- ISSN
1059-8596
- Publication type
Article
- DOI
10.3905/jfi.2012.21.4.055