Home -> Law Blog Directory -> Loan Modification Blogs -> Mortgage Lender Implode-o-Meter

Loan Modification

: Mortgage Lender Implode-o-Meter

Foreclosures Forecasted to Flood Market in 2011

By Implode-Explode Heavy Industries

``JP Morgan Chase & Co., Bank of America Corp., and Wells Fargo & Co. are the largest holders of option-ARM loans. Analysts at JPMorgan Chase & Co, developed a model to predict the percentage of remaining option-ARM loans that will default, which is 70 percent. While a significant portion of the problems have been ?de-fused? by the Fed?s extremely low interest rates, this shows there is a significant threat remaining.''

Full post as published by Mortgage Lender Implode-o-Meter on February 22, 2011 (boomark / email).