1. Jump to page-navigation
  2. Jump to content

Everything we know about the lead business from everyone at the Leads360 family. From online lead providers like LowerMyBills.com to Mortgage Lead Management best practices. We'll tell you what we know and what we've learned.  

FDIC Chairman says Loan Mods are working

Thursday, May 7th, 2009 | Link | Spread The Word!

Sheila Bair, Chairman of the FDIC indicated that there’s still distress in the Mortgage market, to be sure. But loan modifications are having a positive affect. Typically people are willing to stay in their homes and honor commitments even if they are in a state of negative equity. The cases when homeowners are more likely to walk away from a mortgage are when they fall on hard times due to personal issues, like a lost job, or health problems. Loan modifications are not going to be the source of the larger economic recovery but they seem to be enabling troubled homeowners to ride the apparent rising tide of the economic stability.

Pass the Beans!

Send this post to a friend

Got Something To Say? Post A Comment!

Preview Comment