Banks Are Failing, So They Are Changing the Rules [View article]
Over the top, but appreciate articles which call for bank/S&L accountability. Our Company mostly services loans with some originations and we consider 30 day accounts who are lousy credits to be underperforming; we consider some 90 or 120 day accounts performing if they are "pattern payers" and have average credit scores. The point is the Fed should not micro manage the hair color of the collectors nor the accountant classifications of delinquency. Periodic audits will flush out the liars.
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Banks Are Failing, So They Are Changing the Rules [View article]
The point is the Fed should not micro manage the hair color of the collectors nor the accountant classifications of delinquency. Periodic audits will flush out the liars.