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Loan Modification

: Mortgage Lender Implode-o-Meter

If a lender gives a mortgage with a payment triple a borrower?s income, who do we blame the foreclosure on?

By Implode-Explode Heavy Industries

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"Here?s a question for you. If a lender gives a borrower a mortgage and the monthly payment on the loan is more than triple the borrower?s income, if the house goes into foreclosure, is it the borrower?s fault, or the lenders?"

Full post as published by Mortgage Lender Implode-o-Meter on December 21, 2010 (boomark / email).

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