American Banker's Kate Berry, in a story published last week, looks at how repayment plans are used to manage default roll rates.
"Roll rates," for the non-industry folk out there, are industry-speak used to describe how many 30+day past dues "roll into" 60+day past dues, and so forth. The rating agencies use all sort of roll rate analyses to determine how efficient a servicing operation is -- particularly in loss mitigation, foreclosure and REO disposition.
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