The Lender's Calculus

Lenders have been flooded with pleas for help from homeowners during the foreclosure crisis. Policymakers often say it makes economic sense for a lender to modify the mortgages of distressed borrowers, lowering their monthly payments, because foreclosed homes yield even less money. In reality, lenders are modifying far fewer mortgages than expected.

This Story Foreclosures Are Often In Lenders' Best Interest Article \| Government initiatives to stem the country's mounting foreclosures are hampered because banks and other lenders in many cases have more financial incentive to let borrowers lose their homes than to work out settlements, some economists have concluded. The Lender's Calculus Special Report: Foreclosure Prevention Program		TOOLBOX E-Mail This Save/Share + Digg Facebook Reddit Twitter myspace del.icio.us NewsTrust Stumble It! COMMENT 0 Comments Your browser's settings may be preventing you from commenting on and viewing comments about this item. See instructions for fixing the problem. Discussion Policy CLOSE Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions. You are fully responsible for the content that you post. Who's Blogging » Links to this graphic
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