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Loan Modification

: Mortgage Lender Implode-o-Meter

Foreclosures at All-Time High, Buyers Are Bargain Hunting

By Implode-Explode Heavy Industries

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"Foreclosure prevention programs are not working as well as the Obama administration had hoped. The Making Home Affordable Program had 96,000 trial modifications canceled by lenders in July, bringing the total number of canceled modifications to 616,000 since the program was started in February 2009. The total number of modifications that have been made permanent is 422,000."

Full post as published by Mortgage Lender Implode-o-Meter on August 24, 2010 (boomark / email).

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