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Loan Modification

: Mortgage Lender Implode-o-Meter

A Fingerprint of Instability in Biology and Finance

By Implode-Explode Heavy Industries

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This piece is very good (found it cited from the Automatic Earth). It mirrors the conclusions I have come to over the last few years. My sources are different (my own mathematics education, Mandelbrot, Andrew Lo, etc), but I think the truths are incontrovertible. The market has a natural fractal structure which has been disrupted in recent years, and is increasingly so, to our peril.

Full post as published by Mortgage Lender Implode-o-Meter on November 01, 2010 (boomark / email).

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Repossessed car wins $700,000 Settlement
A class action lawsuit that was brought against Virginia Beach-based Tidewater Finance Co., alleging that the company had questionable repossession practices, has been settled.

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