rupe73 rupe73
  • 04-03-2020
  • Mathematics
contestada

How do lenders benefit from loan modification?

Respuesta :

Djwolfypaws
Djwolfypaws Djwolfypaws
  • 04-03-2020

Answer:

The lender reduces the amount of principal that the borrower owes, with no expectation of repayment. Debt Forgiveness is analogous to a principal reduction. This is a more effective way to reduce payments than either lowering the interest rate on the mortgage, or extending the terms.

Answer Link
2018693 2018693
  • 17-11-2020

Answer:

they avoid foreclosure cost

Step-by-step explanation:

took the bullet

Answer Link

Otras preguntas

What is summer and winter solstice
Find the height of a square pyramid with volume 37.3 ft3 and dimensions of base 4 ft by 4 ft. Please help!
6) Find the slope of the line that passes through (5,-4) and (-2,-5). a) 0 1 b)0 - 9 c) - 1 d)° 1
In the wake of the cuban revolution of 1959, Cuba
Read it and answer it plzzzz I’ll give brainlyist
Find the answer please
A certain drug is made from only two ingredients: compound A and compound B. There are 3 milliliters of compound A used for every 5 milliliters of compound B. I
Describe animal interactions that affect populations in the tundra ecosystem.
What is the role of renin in the secretion of aldosterone?
The burning of which of the following energy sources is most linked to global warming?A. biomassB. hydropowerc.coalD.nuclear​