Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun Plural form of
redefault .
Etymologies
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Examples
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CNNMoney: Lower loan payments = fewer redefaults for homeowners
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Among its recommendations: Flagging HAMP delinquencies early in order to prevent redefaults, as well as allowing borrowers to apply for loan modifications online.
U.S. foreclosure-prevention program fell short, Congressional Oversight Panel says Brady Dennis 2010
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Furthermore, their credit scores which had already suffered serious hits are now further threatened by redefaults and will take more time to recover.
Cleaning Up the Mortgage Mess Darrell Issa And Jim Jordan 2010
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Massad said Treasury officials had tried to walk a fine line, structuring HAMP in a way that helped as many homeowners as possible while avoiding unnecessarily wasting taxpayer dollars and modifications that would result in redefaults.
U.S. foreclosure-prevention program fell short, Congressional Oversight Panel says Brady Dennis 2010
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Among its recommendations: Flagging HAMP delinquencies early in order to prevent redefaults, as well as allowing borrowers to apply for loan modifications online.
U.S. foreclosure-prevention program fell short, Congressional Oversight Panel says Brady Dennis 2010
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Massad said Treasury officials had tried to walk a fine line, structuring HAMP in a way that helped as many homeowners as possible while avoiding unnecessarily wasting taxpayer dollars and modifications that would result in redefaults.
U.S. foreclosure-prevention program fell short, Congressional Oversight Panel says Brady Dennis 2010
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Mr. Litton said he believes lowering redefaults will help investors in residential mortgage-backed securities, who now lose an average of 60% of the amount owed when a home is foreclosed, up from 35% a year ago.
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At Litton, redefaults began climbing this fall as the economy weakened.
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You must have a certain expectations of the number of redefaults.
The Loan Rearranger 2009
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A loss share guarantee on redefaults of modified mortgages can provide the necessary incentive to modify mortgages on a sufficient scale, while leveraging available government funds to affect more mortgages than outright purchases or specific incentives for every modification.
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