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Loan Modification
: Mortgage Lender Implode-o-MeterThe Real State of the Housing Market
By Implode-Explode Heavy Industries
"Housing has been going sideways for seven months now, mainly due to lax lending standards (at FHA), the Firsttime Homebuyers Credit, and the Fed's mortgage-backed securities (MBS) buyback program. But once the props are removed, the market will fall sharply.
So where's the real demand for housing?
Here's a hint: There isn't any.
Full post as published by Mortgage Lender Implode-o-Meter on April 22, 2010 (boomark / email).
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