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Loan Modification

: Mortgage Lender Implode-o-Meter

Mortgage brokerage firms closing in face of new rules

By Implode-Explode Heavy Industries

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Dozens of mortgage brokerage firms locally and around the state have thrown in the towel in recent months, as the days of easy credit that super-sized the mortgage industry fade into the past.

Brokers say they have been frustrated by increased regulation, bad publicity and rising costs that have hampered their ability to make a profit.

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

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