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Loan Modification

: Mortgage Lender Implode-o-Meter

Foreclosures Plague Rhode Island, $5.6b in Home Equity Lost Over Two Years

By Implode-Explode Heavy Industries

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"?The severe undersupply of affordable homes in the Ocean State made Rhode Island susceptible to the current foreclosure crisis. Increased home prices, coupled with a decreased supply of affordable homes, reduced family incomes and increased lending, resulted in increasingly risky behavior on the part of mortgage lenders and borrowers, particularly in the subprime market."

Full post as published by Mortgage Lender Implode-o-Meter on March 03, 2011 (boomark / email).

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