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Will Lenders Kick The Can When Billions in HELOCs Recast and Payments Skyrocket?

Lenders mastered kicking the can. When millions of borrowers stopped paying their debts, rather than foreclose on delinquent borrowers, lenders collectively decided it was in their best interest to cut deals, entice borrowers to make payments, and pray house prices would recover when they could foreclose without losing billions. Can-kicking became the policy of necessity;

via Will lenders kick the can when billions in HELOCs recast and payments skyrocket? » OC Housing News.

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