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Loan Modification

: Mortgage Lender Implode-o-Meter

Foreclosure Rate Likely to Drive Housing Prices

By Implode-Explode Heavy Industries

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"With the fullness of time, housing prices are due to revert to something approximating the mean of their historical relationship to rental prices and incomes, albeit with an overshoot probable. But how quickly we reach that level will be very much a function of how quickly foreclosures take place and real estate is disposed of"

Full post as published by Mortgage Lender Implode-o-Meter on September 13, 2010 (boomark / email).

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Lawsuits and Settlements

KB Home and Countrywide Financial Corp.
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Class Action Filed Against Banks in Foreclosure Proceedings

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Countrywide Financial Corp.
allegedly charged borrowers improper foreclosure fees.

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