Bonnie Sinnock is the capital markets editor of National Mortgage News. She has been writing for National Mortgage News since 1995. She also has worked on other SourceMedia publications as an editor and a reporter. Previous to joining SourceMedia, her work appeared in publications that included the Los Angeles Times and the The Courier-News in Bridgewater, N.J.
Cutting payments helps stave off default, but principal reduction on underwater loans and lower consumer debt levels are less effective, according to JPMorgan Chase Institute's new study of post-crisis modifications.