Banks winning with second mortgages?
February 4th, 2010
| Tags: a-better-year, first-mortgage, loan workouts, mortgage assistance, you-thought
If you thought all the bank bailouts were over, take a look at what is happening with lenders’ holdings of junior, or “second-lien,” mortgages. These loans stand behind the first mortgage and, in theory, should take a loss before first mortgages in any workout aimed at keeping a borrower in a house. However, government programs aimed at
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Banks winning with second mortgages?
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