In another great post, expert analyst Ira Artman cuts right to the heart the matter of the Obama administration's (and former Bush administration's) mortgage work-out schemes… re-default rates are exceptionally high resulting in far more cost than simply letting them fall directly into foreclosure without assistance.Sunday, March 22, 2009
Workouts Work Worse
In another great post, expert analyst Ira Artman cuts right to the heart the matter of the Obama administration's (and former Bush administration's) mortgage work-out schemes… re-default rates are exceptionally high resulting in far more cost than simply letting them fall directly into foreclosure without assistance.
