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Loan Modification

: Mortgage Lender Implode-o-Meter

Delaying the Inevitable Re-Default

By Implode-Explode Heavy Industries

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Fitch Ratings is joining a growing chorus of voices that say the recent refi deluge will not likely stave off an eventual mortgage re-default for the majority of takers.

Auction companies HousingWire is speaking to for its July 2009 feature on the topic are predicting the same outcome.

Full post as published by Mortgage Lender Implode-o-Meter on May 26, 2009 (boomark / email).

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