How Do Loan Modifications Typically Affect U.S. RMBS Bondholders?




S&P Ratings show

Summary: Structural provisions built into a typical U.S. RMBS securitization influence the way loan modifications (mods) can affect the bondholder. In this CreditMatters TV segment, Associate Director Cesar Romero delineates the ways that this can happen, particularly where rate reductions and principal forgiveness mods are concerned.