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Loan Modification

: Mortgage Lender Implode-o-Meter

The Housing Hurricane Will Howl Again

By Implode-Explode Heavy Industries

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``If an investor could purchase a home and rent it out for close to breakeven, we might be getting close to a bottom. But we are nowhere close to that level in most critical markets. Until it is approached, prices will continue to fall. In fact, the negative cash flow now evident, along with the flood of properties coming into the inventory pool, warn of lower prices.''

Full post as published by Mortgage Lender Implode-o-Meter on May 28, 2009 (boomark / email).

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