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Loan Modification

: Mortgage Lender Implode-o-Meter

Only a Coordinated Loan Massacre Could Defeat a Japanese-Style Dead-and-Dying-of-Debt Kamikaze

By Implode-Explode Heavy Industries

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``Values of the equity asset have fallen more than 30 percent, but the values of the debt asset (mortgages) used to buy the equity asset (homes) have fallen two percent. Both of these investments have a right to title to the same asset, but one has fallen FIFTEEN TIMES further than the other. Is this the real world or is it make believe?''

Full post as published by Mortgage Lender Implode-o-Meter on July 28, 2010 (boomark / email).

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