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Loan Modification

: Mortgage Lender Implode-o-Meter

9 Years of Housing Inventory and 7 Million Homes 30+ Days Late or in Foreclosure

By Implode-Explode Heavy Industries

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``... you have the government subsidizing housing and actually encouraging banks to hold off inventory artificially to boost up prices. This is the reason the above inventory chart is so high. Yet this is creating a price floor where the actual American middle class is unable to buy a home unless they are subsidized with tax credits and massive interest rate deductions. ''

Full post as published by Mortgage Lender Implode-o-Meter on April 29, 2010 (boomark / email).

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