Default prevention 101: a few practical tips on how to head off mortgage defaults before they happen could help commercial mortgage lenders and servicers avoid costly headaches.
Mortgage Banking › Vol. 68 Nbr. 8, May 2008 ›
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Default prevention 101: a few practical tips on how to head off mortgage defaults before they happen could help commercial mortgage lenders and servicers avoid costly headaches.
You probably have read countless articles offering theories about the origins of recent volatility in American real estate credit markets. They offer opinions on everything from how it started, how long it will last to where we are heading. There are probably too many of those articles to count. This is not another such article. [??] While those other articles offer interesting theories, they do not provide much practical guidance to those actually underwriting, originating and servicing real estate loans under the current market conditions. [??] What we hope to do in this article is offer some practical guidance based upon the authors' experience that those in the commercial mortgage industry could use before a loan "goes bad." [??] Some of this advice may seem simple, yet these are all things that those conducting business in the current commercial mortgage market should consider. This is true whether you ...
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