Credit Default Swaps Incentive Loan Services to Deny Loan Modification Requests
Real Estate Issues and the Law
The Credit Default Swap market exploded over the past decade to more than $62 trillion just before the height of the recent financial crisis, according to the International Swaps and Derivatives Association. This is roughly twice the size of the U.S. Stock market, which was valued at about $22 billion at the end of 2007, and it far exceeds the $7.1 trillion mortgage market.
Source: Legal:Real-Estate-Law