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Will Private Morgage-backed Security Investors Pick Up The Slack This Spring?
Continued uncertainty about loan modifications are still an impediment for investors returning to the market with residential mortgage-backed securities (RMBS). According to Jacob Gaffney, the Federal government’s bailout and stimulus package has “created an environment where private investors in the securitization are reluctant to come back to the sector en…
Will A Voluntary Strategic Walk-Away From Your Mortgage Make Your Problems Worse?
I am hearing more talk these days of homeowners who are “upside down” in their mortgage relative to current home value and they are considering voluntarily walking away from their mortgage and giving their home back to the bank. I heard it at a Christmas party; on the street; at…
