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Loan Modification

: Mortgage Lender Implode-o-Meter

Sales of Existing Homes in U.S. Probably Rose as End of Tax Credit Loomed

By Implode-Explode Heavy Industries

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"Credit-induced gyrations will make the underlying health of the market difficult to determine over the next couple of months. A slump in builder shares since early May signals investors are concerned the damage caused by the end of government stimulus, mounting foreclosures and unemployment will exceed the benefits of lower mortgage rates."

Full post as published by Mortgage Lender Implode-o-Meter on June 22, 2010 (boomark / email).

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