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Examples
“While those actions were necessary to prevent an even bigger economic catastrophe, we still have not addressed the No. 1 cause of both the crisis and the subpar recovery we are in: a stubborn refusal to deal head-on with past-due and underwater mortgages.”
“The forfeiture came after months of negotiations between Kerzner and Brookfield, a junior lender on the resorts, over how to deal with payment of $2.6 billion of past-due debt on the properties.”
The Wall Street Journal: Brookfield Takes Chase of Distressed Deals
“Loan officers are graded on sales and management of past-due loans and other credit exceptions.”
The Wall Street Journal: In Florida, Banking's Survivors Are Lending
“Now it is a week-and-a-half past-due on the loan, much of which was securitized and sold to investors as bonds, say people familiar with the matter.”
“Former Army Lt.Col. Allen West was hailed as one of the GOP's rising star candidates but personal financial problems including past-due credit card bills and liens have hurt.”
The Washington Post: "Choice" vs "Referendum": A (few) Democratic success stories
“My rule for accepting past-due work, which I announce at the beginning of the year and write into my student/teacher contract, is that I'll take it up to a week late, with a deduction for each day past the due date.”
“Because of the failure of the State of Illinois to fund past-due and future obligations to West Aurora School District 129, various proposals and difficult decisions must be made.”
“Please contact your legislators to demand the State of Illinois pay its past-due obligations and address the funding of schools.”
“The State of Illinois is past-due about $5.2 million in payments and that is expected to get worse for the 2009-2010 school year due to a variety of factors, including the formulas that fund schools, which is tied significantly to property taxes.”
“And a judge ordered West to pay over $5,000 in past-due credit card bills.”
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