All Posts Tagged With: "secondary"
How To Get A Successful Loan Modification (With Obama Update)
Is it possible to get a mortgage modification without being foreclosed or behind on your payments? For an increasing number of borrowers the answer is “yes” because recent changes in the mortgage industry now make loan modifications more likely than at any point since the financial meltdown began.
For much of human history mortgage lenders have [...]
What is “debt securitization”?
“Debt securitization” works like this:
A commercial property such as a shopping center is mortgaged for $100 million. The owner has the property and the lender has a piece of paper. The lender wants to lend that $100 million again, so he turns around and “securitizes” the loan — packages it as a security and [...]
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