Home -> Law Blog Directory -> Loan Modification Blogs -> Mortgage Lender Implode-o-Meter

Loan Modification

: Mortgage Lender Implode-o-Meter

NYT Rides The "Foreclosure Express"

By Implode-Explode Heavy Industries

"A month ago, I broke the full story on Stern, his rise to become Florida's Ferrari-owning foreclosure king, and his controversial and lawsuit-riddled past. Moreover, my story on Stern, and on a breed of law firms (including his) dubbed "foreclosure mills," showed how America's biggest (and most bailed out) banks, not to mention the taxpayer-subsidized housing giants Fannie Mae and Freddie Mac, retain Stern's sprawling operation and others like it to push through foreclosures using a high-pressure, assembly line-like process that's often accused of steamrolling homeowners who get in the way."

Full post as published by Mortgage Lender Implode-o-Meter on September 05, 2010 (boomark / email).