Lending

Loan Modifications Part II: The 'Most Important Thing CUs Will Do' This Year and Next

September 25, 2009
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Bill Vogeney : "Take as many factors into consideration as you can" when doing loan modifications. Loan modifications are an unfortunate reality of the Great Recession: The percentage of modified first mortgages grew from 0.53% at year-end 2008 to 0.92% as of March 2009, according to CUNA’s economics and statistics...
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