Loan Restructuring Quotes

The decline in home equity makes it more difficult for struggling homeowners to refinance and reduces the financial incentive of stressed borrowers to remain in their homes.

We were the first bank to start a loan modification at IndyMac and had a very good record of working with the regulators.

I can't think of another enterprise other than being a homeowner that can't have its debt restructured in bankruptcy. Corporations can but a homeowner can't? Now with securitization the homeowner can't go to the owner of the loan and work things out.

In the past, if a homeowner with a mortgage had a problem making the payment, often he'd get together with a lender and strike a deal, because foreclosures are very expensive to the lender and obviously not good for the homeowner and the community.

Sometimes there are customers who get in difficulty because of situations that are out of their control. These are customers with genuine needs, and the role of the bank is to accommodate these customers, and there is a real need to reschedule the loans of these customers.

We have seen the big loan servicers drag their feet in the Obama administration's well-intentioned mortgage modification program.

We must fundamentally restructure our student loan program. It makes no sense that students and their parents are forced to pay interest rates for higher education loans that are much higher than they pay for car loans or housing mortgages.

And I think we need a combination of a freeze, potentially, and also we need to sit down with the - with the banking industry and talk to them about ways in which we can help them be able to work those mortgages out, because it's absolutely imperative that we keep people in their homes.

Homeowners refinance their loans when interest rates go down. Businesses refinance their loans.

With weak balance sheets, banks tend to continue lending unprofitable businesses and leave them existing.

If you look at the international markets, for projects that are capital-intensive, the minute the construction phase is completed and production is supposed to start, normally all these loans get refinanced.

Refinancing doesn't reduce your debt, it just restructures it, so be clear about what you want to achieve with a refi.

When borrowers anticipate that politicians might cancel their loans, they stop paying.