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Loan Modification

: Mortgage Lender Implode-o-Meter

Why a Housing Recovery Requires Lower Prices

By Implode-Explode Heavy Industries

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"Why should investors ? or homeowners, for that matter ? care much about the opinion representing the consensus view? That consensus missed the credit bubble as it formed, wrongly believed the sub-prime issue were ?contained,? and utterly missed the top in housing. If you followed th consensus, o lost 50% of yuor money last year, saw your home value drop 30%, and generally got mangled in most asset classes other than Bonds, Cash and Gold."

Full post as published by Mortgage Lender Implode-o-Meter on May 26, 2009 (boomark / email).

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