From Zach Fox at SNL Financial: Analysts believe loan mod redefaults could hit 70% Diane Westerback, S&P’s managing director of global surveillance analytics, told SNL that the previously reported 30% to 40% redefault rates typically only count borrowers after two or three months of payments. A year after the modification, Westerback expects redefaults to hit between 60% and 70%.
Posts Tagged fitch-ratings
Note: This index is a leading indicator for Commercial Real Estate (CRE) investment. The WSJ reports that the American Institute of Architects’ Architecture Billings Index increased to 46.1 in March from 44.8 in February.
