SSRN-What Do Subprime Securitization Contracts Actually Say About Loan Modification? Preliminary Results and Implications by John Hunt

Interesting! John Hunt reviews some actual contracts and finds they rarely strictly forbid loan modifications.SSRN-What Do Subprime Securitization Contracts Actually Say About Loan Modification? Preliminary Results and Implications by John Hunt: "A review of pooling and servicing agreements from large subprime securitization programs in 2006 reveals that about 10% of the contract ban loan