Sentences with phrase «effective than foreclosure»
Even many mortgage lenders have come to realize that loan modifications and other relief are often more cost - effective than foreclosure.
http://www.studentloanborrowerassistance.org/ Not exact matches
That principal reductions are more effective than modifications without principal reductions seems to me to be patently obvious if you look at the root causes of delinquency and foreclosure: loss of income (due to unemployment) and negative home equity.
According to Paul Willen, a policy adviser at the Federal Reserve Bank of Boston: «If our goal is to prevent foreclosures, I can't think of anything more effective than requiring a down payment.»