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With today's more stringent banking regulations, many performing loans (borrowers making their payments) are declined for refinancing because of commercial real estate loan "concentrations" that regulators deem more risky.
In addition, banks carry alarmingly high levels of "special mention" loans, ranked as performing but where a borrower's circumstances have worsened.
By performing, he means that borrowers are still making payments, if only the minimum.
A surprise arrival in Ray's Southern California living room, where the play takes place over the course of one calamitous night, is a debt collector known as Bone Daddy who specializes in performing unanesthetized surgery on laggard borrowers, of whom Ray is one.
For its part, the CFPB on Monday sent loan servicers a request for information on how previously defaulted borrowers perform over time.
If the individual home loans that backed the bonds performed well if the borrowers continued to make their monthly payments the C.D.O.'s buyers would enjoy a decent return.
Berenbaum said in an interview that the FHA has taken a critical look at how its loan portfolio is performing and determined that loans to borrowers with credit scores above 580 perform well.
Only 20 to 30percentt of the several hundred loans reviewed showed any attempt by lenders to project how a borrower might perform in an economic downturn.
The Federal Perkins Loan Program allows borrowers to get their loans canceled through program-specific provisions for performing certain types of employment or public service.
An internal evaluation of the World Bank [ 62] stated that poor performing projects had no targeting mechanism for reaching the poor and recommended that the World Bank create new incentives for monitoring and evaluation for both the Bank and the borrower.
The S.E.C. also contended that Mr. Mozilo sold shares in the company in late 2006 even though he knew that the types of loans Countrywide was making to high-risk borrowers would perform poorly.
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CEO of Professional Science Editing for Scientists @ prosciediting.com