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: Mortgage Lender Implode-o-Meter

So Many Foreclosures, So Little Logic

By Implode-Explode Heavy Industries

"Foreclosures remain one of the great financial ills for the economy. The Bush administration largely overlooked foreclosures affecting average homeowners, focusing instead on propping up elite, troubled financial institutions with taxpayer funds. The Obama administration has said it wants to wrestle the foreclosure issue to the ground by encouraging mortgage loan modifications, but its efforts have gotten little traction."

Full post as published by Mortgage Lender Implode-o-Meter on July 05, 2009 (boomark / email).