Addressing Second Lien Writedowns Seeking Alpha (blog) If it forces banks to write down worthless second mortgages to clear the way for new modifications, then the banks suddenly look shaky again. If it doesn't, ...
Treasury's Barr: Redoubling Push For Financial Overhaul Wall Street Journal While lenders may be willing to modify a mortgage to make the terms more affordable for the borrower, holders of second mortgages or a home-equity loan have ...
The Coming Second Wave Las Vegas Business Press Second mortgage lenders, especially, are aggressively pursuing borrowers. "We expect the next wave of bankruptcies to come from people writing off the ...