Another commenter who recommended setting the look - back period at three years noted that applicants with debts in collection or that have been charged off for two years could still be subject to aggressive collection practices, which may cause
further financial distress to the borrower in the near future.
With that, the argument against deficiency is why subject the homeowners to
further financial distress?
Not exact matches
Listening to rich people problems can only serve to
further depress someone in
financial distress!
If your
financial situation is such that your monthly expenses
far exceed your monthly income thus you are unable to make timely in - full payments each month then you are in
financial distress.
But I have other UK candidates (in the «
distressed «business) to look over, which I suspect will offer
far better operational /
financial histories.
Thus
far, the recent advance has been focused on low - quality and
distressed sectors such as
financials, insurance and homebuilders.
It's worth noting that Lakonishok, Shleifer, and Vishny (1994) disagree with Fama and French's assertion that the returns are due to
financial distress, arguing instead that the returns to value are the result of a bias that leads investors to extrapolate past performance too
far into the future, not fully appreciating the phenomenon of mean reversion.
In addition, these family groups often experience
financial distress, which may
further complicate the situation.