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Loan Modification

: Mortgage Lender Implode-o-Meter

Strategic Defaults and the Foreclosure Crisis

By Implode-Explode Heavy Industries

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"Foreclosure filings were reported on more than 2.8 million properties in 2009, up 21 percent from the previous year and 120 percent from 2007, according to RealtyTrac. With nearly 10 percent of mortgages now delinquent--which is also a new record--even more homeowners appear headed for foreclosure this year. "A massive supply of delinquent loans continues to loom over the housing market," ..."

Full post as published by Mortgage Lender Implode-o-Meter on January 20, 2010 (boomark / email).

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