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Loan Modification

: Mortgage Lender Implode-o-Meter

The Care Bair ? FDIC?s Sheila Bair Wants Principal Reductions From Banks With Loss Sharing Agreements

By Implode-Explode Heavy Industries

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"Experian just published data a few days ago about ?strategic defaults? that I?m sure made someone in The White House nauseous. The data showed that 18% of foreclosures are strategic defaults, meaning that the homeowners could have made the payments, but chose not to and walked away. That?s almost one out of five. In light of what I explained above, isn?t that just lovely?"

Full post as published by Mortgage Lender Implode-o-Meter on December 09, 2009 (boomark / email).

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