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Loan Modification

: Mortgage Lender Implode-o-Meter

BIS Study Suggests Households, Companies Set to Reduce Debt

By Implode-Explode Heavy Industries

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"?If history is any guide, we should expect to see a much more significant reduction in private-sector debt, particularly of households, than has so far taken place after the recent crisis,? they wrote. ?Lower house prices may induce households to reduce their desired level of debt. Similarly, a lower level of output and tighter financial conditions could put firms under pressure to reduce their leverage.?"

Full post as published by Mortgage Lender Implode-o-Meter on September 06, 2010 (boomark / email).

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