The New Era of Loan
Despite calls for loan mods, securitization
and other issues have held them back
By Richard H. Zahm, founder and principal, Second Angel Bancorp
Illustration: Keith Negley
At the height of the housing boom, foreclosures seemed to be a thing
of the past, and appreciating home values were considered a given.
The good ol’ days, however, are history.
Today, a backlog of loan modifications — caused in part by a chal-
lenging securitization environment — has halted many market forces.
Mortgage brokers can help get things moving again by learning the
issues at hand and the evolving solutions.