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Loan Modification

: The Truth About Mortgage.com

New Program Predicts Strategic Default

By scot184

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Real estate analytics company CoreLogic released a new program this week that can predict a borrower’s willingness to continue making mortgage payments, enabling loan servicers to make more informed loss mitigation decisions. The system, known as WillCap, categorizes borrowers into 22 ?clusters,? allowing loan holders to determine how, when, and with whom they should take action [...]

Full post as published by The Truth About Mortgage.com on July 22, 2010 (boomark / email).

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