Loan modifications remain limited, say rating agencies

Loan modifications seem unlikely to prevent a sharp increase in US subprime delinquencies as loans from the 2006 vintage reach reset, based on the latest views from rating agencies.

Loan modification is increasing but remains limited, according to Standard & Poor's (S&P) and Moody's Investors Service, and bank analysts are sceptical about the financial incentives for servicers to avoid foreclosures.

"To date, we have learned that servicers have not yet embarked on what we would consider to be a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here