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Loan Modification

: Mortgage Lender Implode-o-Meter

Atrocious New Homes Sales Data Sufficient To Force Another Algo Mediated Short Covering Frenzy

By Implode-Explode Heavy Industries

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"So June new home sales come in at 330,000 on expectations of 310,000: a decent beat by 20k or so, and a "record" increase from the May revised 267k. However, this "beat", and massive 23.6% MoM surge only occurred due to prior downward (of course) revision which took away 57k from the past two months! "

Full post as published by Mortgage Lender Implode-o-Meter on July 26, 2010 (boomark / email).

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