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Loan Modification

: Mortgage Lender Implode-o-Meter

Concerns Growing Over The Health Of Prime Mortgage Loans

By Implode-Explode Heavy Industries

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"Although the volume of subprime mortgage delinquencies seems to be steadily declining, US foreclosure rates continue to rise and many analysts believe that this trend could be attributed to increased delinquencies in the prime mortgage market. While many of the risky subprime mortgages have already been foreclosed upon or defaulted , prime mortgages ? which comprise a substantially larger portion of the mortgage market ? are increasing its share of loans in default today."

Full post as published by Mortgage Lender Implode-o-Meter on September 10, 2010 (boomark / email).

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