Archive for May, 2011

Why Servicers Foreclose When They Should Modify and Other Puzzles of Servicer Behavior

May 5, 2011

As the foreclosure numbers have spiraled upwardover the last few years, policymakers and economists have come to a consensus that the national economy needs a massive reduction in the number of foreclosures, probably by modifying delinquent loans. Everyone claims to be in favor ofthis:  Congress, the President, the Federal ReserveBoard, bankers. Yet the numbers of […]

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