But there is a problem with forbearance: it undermines the confidence of those who lend to banks.
Borrowers have to prove an economic hardship, like unemployment, to qualify for a postcollege deferment or forbearance.
WSJ: Weighing Merits of Loan Deferments Today to Keep Defaults Away
Almost all the loans are to big firms, presumably with political clout, increasing the likelihood of forbearance.
Forbearance is when creditors relax their normal lending criteria and conditions, so that their debtors don't go bust.
If this is perceived as unfair, would you prefer the old practice of administrative suasion and regulatory forbearance?
And we instituted a program that would allow for more forbearance, loan forbearance.
Regulatory forbearance, in the same way, is not just likely, it is required.
In its Financial Stability Report last December, the Financial Services Authority reported that a third of commercial property loans were in "forbearance".
But forbearance alone cannot be a long-term answer to the problem of Pakistan.
Instead of the grace period they had been offered, Bank of America was really offering a forbearance consolidating mortgage payments into lump sums.
Even that small degree of forbearance, however, is not evident in practice.
Lack of progress on capital markets, in other words, is part of the price of governments' tacit support for forbearance towards doubtful borrowers.
Or to put it another way, forbearance is another contributor to the undermining of trust in the integrity and strength of the financial system.
The point is that forbearance may only defer the pain for the borrower and the losses for the bank, rather than avoid it altogether.
These firms often recommend postponing payments through either deferment or forbearance.
WSJ: Weighing Merits of Loan Deferments Today to Keep Defaults Away
These groups generally make decisions on modification, forbearance and foreclosure matters on behalf of lenders whose loans reside in securitized mortgages more commonly known as mortgage-backed securities.
FORBES: Homeownership: Politicians Are Killing The American Dream
Indeed, the BOE itself not the banks is the greatest source of forbearance: ultralow interest rates encourage banks to restructure loans rather than repossess homes or push businesses into bankruptcy.
Twelve banks previously agreed to postpone mortgage payments for three to six months without requiring a lump sum at the end of the forbearance period, the state said.
It may be that Wachovia will need some forbearance from regulators in the months ahead, and it would be good to have a leader who speaks their language.
If the Shia could show forbearance after 150 were killed on their holiest day, Ashoura, could America not contain its revenge after four of its nationals were murdered?
ECONOMIST: Most Iraqis want peace, but it takes only a few to make war
Democratic politics is littered with the corpses of high-minded politicians who maintained their gentlemanly forbearance right up to the point where they were chopped off at the knees.
To tolerate is to treat with indulgence, liberality and forbearance.
CENTERFORSECURITYPOLICY: From fashion to fortitude: the road to resilience
Critics of some mild regulatory forbearance during this most serious of crises since the Great Depression will no doubt cite transparency as essential, but the two can go together.
The idea behind forbearance is a laudable one: if the mortgage borrowers in financial distress had been thrown out of their homes, the social and economic impact would have been nasty.
All that said, the public forbearance may not last.
FORBES: An Immodest Proposal to Spur Nuclear Energy Industry Growth -- and Global Safety
First, the IMF did not fully estimate the possible losses on loans in what bankers call "forbearance" - which is where banks have allowed borrowers in difficulty to temporarily cease payments.
Next term is going to be a challenging one for us all and I ask you for your understanding and forbearance in any action your Headteacher and Governors may need to take.
As the sick man of the Group of Seven (G7) rich nations, Japan could count on the forbearance of other members as it waded into the foreign-exchange markets to manipulate its currency.
One major downside: Loans issued by credit unions and other private lenders generally don't have the same protections and payment options as federal student loans, such as income-based repayment and longer deferment and forbearance.
The New York Fed's numbers exclude the roughly 44% of borrowers who don't have to make loan payments, typically because they are still in school or have been granted a loan deferral or forbearance.
应用推荐