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Loan Modification

: Mortgage Lender Implode-o-Meter

Purchase Applications: Best They Can Do?

By Implode-Explode Heavy Industries

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``We have some experience with what to expect, and it squares with the common sense notion that the tax credit is pulling house purchase demand from the future. When the first homesucker's credit expired last year, purchase demand collapsed. That tax credit program applied only to first time buyers. This one applies to everyone, not just first timers. The demand vacuum following the expiration of this program should be even more extreme, and last longer.''

Full post as published by Mortgage Lender Implode-o-Meter on April 21, 2010 (boomark / email).

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