US Banks Reporting Phantom Income on $1.4 Trillion Delinquent Mortgages
• blogs.forbes.com/They are allowed to accrue interest on non-performing mortgages ” until the actual foreclosure takes place, which on average takes about 16 months.
They are allowed to accrue interest on non-performing mortgages ” until the actual foreclosure takes place, which on average takes about 16 months.