AgentMortgage

Katrina and mortgage lender forbearance

What happens to borrowers caught by hurricane?
Published on Sep 20, 2005

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by CareyBot

How will mortgage lenders treat borrowers caught by Katrina? Speculations about this abound, some plausible, some ridiculous. This note lays out the alternatives, and their implications for both parties. I will illustrate them with an example. The loan balance of ...

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