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Loan Modification

: Mortgage Lender Implode-o-Meter

ECRI Leading Economic Index Plunges At -6.9% Rate, Back To December 2007 Levels When Recession Officially Started

By Implode-Explode Heavy Industries

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"It's getting close: the fabled -10% annualized change (see David Rosenberg) which guarantees a recession is now just 3.1% away, which at this rate of collapse will be breached in two weeks. The ECRI is now at December 2007 levels, the time when the last recession officially started."

Full post as published by Mortgage Lender Implode-o-Meter on June 25, 2010 (boomark / email).

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