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Loan Modification

: Mortgage Lender Implode-o-Meter

The incurable onset of mortgage delinquency. Cure rate for mortgages at all time low. Government share of all income grows to record levels.

By Implode-Explode Heavy Industries

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Once mortgages go 60 days late, they are virtually a lost cause. The ability to cure mortgages is at all time record lows. A program like HAMP was fighting the above powerful trend. Keep the above in mind when you read the following data on distressed mortgages:

Full post as published by Mortgage Lender Implode-o-Meter on May 31, 2010 (boomark / email).

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