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Loan Modification

: Mortgage Lender Implode-o-Meter

HUD is asking a lot of questions about 'required use'

By Implode-Explode Heavy Industries

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"The Obama administration wants to stir the pot on a highly contentious issue involving homebuilders and their customers: the legality of the discounts, rebates, closing costs, upgrades and other lures that builders often dangle in front of buyers -- but only if they agree to use the builder's affiliated mortgage lender."

Full post as published by Mortgage Lender Implode-o-Meter on June 12, 2010 (boomark / email).

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