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Loan Modification

: Mortgage Lender Implode-o-Meter

Rosenberg: The Only Story Is Deflation, And Consumer Spending Is Only Up Due To Mortgage Walkaways

By Implode-Explode Heavy Industries

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" n this morning's Breakfast With Dave note, David Rosenberg of Gluskin-Sheff hits on a theme we discussed the other day, about the impact of Obama's "Extend & Pretend" mortgage policy. As originally argued by Paul Jackson at HousingWire, it's the fact that millions of families are essentially living mortgage-free which explains the seeming disconnect between sagging housing and rebounding consumer spending."

Full post as published by Mortgage Lender Implode-o-Meter on April 08, 2010 (boomark / email).

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