These loanholders are at least three months behind in their payments.
He is blunt when describing the rebels' desperate straits, using expletives to talk about donors lagging in their payments.
Struggling families that fall behind in their payments are like a gold mine to the credit card companies.
Countrywide tried to foreclose on that house, too, contending that Mr. and Mrs. Edwards were behind in their payments.
"It was an unfortunate experience in that they weren't punctual in their payments at times," he said.
It is also important to ease refinancing rules so underwater borrowers who are current in their payments can trade in their high-rate mortgages for lower-rate loans.
For borrowers who are deeply underwater and behind in their payments, lenders will be "required to consider" reducing the loan's principal.
Another element of the White House's housing program will require lenders to offer unemployed borrowers a reduction in their payments for a minimum of three months.
But even without it, the administration next year will direct the Education Department to call all debtors behind in their payments to make sure they understand repayment options.
Last year, a study by the Institute for Higher Education Policy found that for every borrower who defaulted, at least two more borrowers were delinquent in their payments.
The Rodríguezes fell behind in their payments trying to help their daughters, who both lost their jobs and have three children between them.
