“If it were an A paper portfolio we may simply look at their recent payment history to show that the borrower was maintaining the payments and then simply refer to the latest appraisals that dictate the current market values.”
I am assuming you are talking about “prime loans”. Are the lenders treating borrowers of prime loans differently b/c they are less likely to take advantage of the system ?
I recently read some articles about lenders/servicers agreeing to “restructuring” an ARM instead of letting it reset. Is this process similar to short-sale approval ?
