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Loan Modification

: Mortgage Lender Implode-o-Meter

Stopping Counter-Productive Mortgage Mods and Foreclosure Abatements

By Implode-Explode Heavy Industries

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"?The choice we appear to be making is trying to modify our way out of this, which has the effect of lengthening the crisis. We have simply slowed the foreclosure pipeline, with people staying in houses they are ultimately not going to be able to afford anyway.?"

Full post as published by Mortgage Lender Implode-o-Meter on January 02, 2010 (boomark / email).

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