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Loan Modification

: Mortgage Lender Implode-o-Meter

most borrowers don?t strategically default until deeply underwater

By Implode-Explode Heavy Industries

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"The Fed researchers believe ?borrowers face high default and transaction costs because purely financial motives would likely lead borrowers to default at a much higher level of equity.?"

Full post as published by Mortgage Lender Implode-o-Meter on June 29, 2010 (boomark / email).

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Lawsuits and Settlements

Countrywide Financial Corp.
allegedly charged borrowers improper foreclosure fees.

Wesley A. Snyder et al.
alleging the consultants perpetrated a Ponzi scheme by encouraging borrowers to lend more than they needed.

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