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Loan Modification

: Mortgage Lender Implode-o-Meter

96,000 Multifamily Housing Buildings in Chicago Area are Underwater ; 42 Percent of Small Rental Buildings at Risk of Default

By Implode-Explode Heavy Industries

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"It should be obvious by now, that government interference in housing, especially the creation of Fannie Mae and Freddie Mac has been a total disaster. Going forward, the best approach would be to dismantle Fannie and Freddie in a reasonable timeframe, and let prices settle where genuine buyers will step up to the plate and invest."

Full post as published by Mortgage Lender Implode-o-Meter on April 11, 2010 (boomark / email).

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