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Loan Modification

: Mortgage Lender Implode-o-Meter

More homes are poised to hit the market

By Implode-Explode Heavy Industries

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`` A variety of measures to keep discounted bank-owned properties off the market -- including moratoriums on foreclosures by major lenders and federal initiatives aimed at keeping people in their homes with mortgage payments they can afford -- has helped increase a backlog of so-called shadow inventory 55% in the year ended Sept. 30, according to a report released Thursday by First American CoreLogic, a Santa Ana-based real estate research firm.''

Full post as published by Mortgage Lender Implode-o-Meter on December 19, 2009 (boomark / email).

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