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Loan Modification

: Loan Modification & Home Loan News

Lenders? focus turns to strategic defaults

By Moe Bedard

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In a study released June 28, researchers from credit bureau Experian and the Oliver Wyman consulting firm found that borrowers with “super prime” credit scores accounted for 30% of all mortgages outstanding in mid-2009 and produced just 5% of all serious mortgage delinquencies. However, 28% of those elite scorers’ defaults were calculated and strategic, compared [...]

Full post as published by Loan Modification & Home Loan News on July 05, 2010 (boomark / email).

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