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Loan Modification

: Mortgage Lender Implode-o-Meter

Non-Current Mortgages Hit Record High 13.2%

By Implode-Explode Heavy Industries

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``One in every 7.5 homeowners in the United States is either behind on their mortgage or in foreclosure, according to new data released by Lender Processing Services (LPS) Monday. That equates to a record high 13.2 percent of the nation?s home loans.'' -- Note that they actually mention shadow inventory in here!

Full post as published by Mortgage Lender Implode-o-Meter on January 11, 2010 (boomark / email).

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