Washington Post: (Residential) Foreclosures May Be In Lender’s Best Interests

The Washington Post has an article today debunking the notion that it’s better for lenders to modify distressed loans than to foreclose:  Numbers Work Against Governmental Efforts To Help Homeowners.  I’m not sure I agree, but the detailed story provides some interesting insights.  Even though the article focuses on residential/consumer cases, the principles and analysis have at least some application to the commercial arena.