Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun Plural form of
redefault .
Etymologies
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Examples
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CNNMoney: Lower loan payments = fewer redefaults for homeowners
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Among its recommendations: Flagging HAMP delinquencies early in order to prevent redefaults, as well as allowing borrowers to apply for loan modifications online.
U.S. foreclosure-prevention program fell short, Congressional Oversight Panel says
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Furthermore, their credit scores which had already suffered serious hits are now further threatened by redefaults and will take more time to recover.
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Massad said Treasury officials had tried to walk a fine line, structuring HAMP in a way that helped as many homeowners as possible while avoiding unnecessarily wasting taxpayer dollars and modifications that would result in redefaults.
U.S. foreclosure-prevention program fell short, Congressional Oversight Panel says
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Among its recommendations: Flagging HAMP delinquencies early in order to prevent redefaults, as well as allowing borrowers to apply for loan modifications online.
U.S. foreclosure-prevention program fell short, Congressional Oversight Panel says
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Massad said Treasury officials had tried to walk a fine line, structuring HAMP in a way that helped as many homeowners as possible while avoiding unnecessarily wasting taxpayer dollars and modifications that would result in redefaults.
U.S. foreclosure-prevention program fell short, Congressional Oversight Panel says
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Mr. Litton said he believes lowering redefaults will help investors in residential mortgage-backed securities, who now lose an average of 60% of the amount owed when a home is foreclosed, up from 35% a year ago.
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At Litton, redefaults began climbing this fall as the economy weakened.
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You must have a certain expectations of the number of redefaults.
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A loss share guarantee on redefaults of modified mortgages can provide the necessary incentive to modify mortgages on a sufficient scale, while leveraging available government funds to affect more mortgages than outright purchases or specific incentives for every modification.
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