Popular mortgage "mods" fuel moral hazard
Story date: 2007-10-23 11:53:00
Added on: 2007-10-23 13:00:12
Reuters - NEW YORK (Reuters) - Mortgage companies scrambling to ease the terms on thousands of loans destined for default may be doing more harm than good by rewarding investors and homeowners who took on excessive risk. Efforts to help Americans pay their ...
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