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Loan Modification

: Mortgage Lender Implode-o-Meter

Mortgage Mischief to Add to Housing Illusion

By Implode-Explode Heavy Industries

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"This "extend and pretend" effect, most of which is manufactured by the government both intentionally and unintentionally, is having the effect of putting the crash in the housing market in slow-mo. By extension, the data can become more palatable for the public to digest, with the side effect of simply prolonging the inevitable damage. "

Full post as published by Mortgage Lender Implode-o-Meter on October 03, 2010 (boomark / email).

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