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Loan Modification

: Mortgage Lender Implode-o-Meter

Nightmare on Every Street

By Implode-Explode Heavy Industries

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"Housing finance inflation was at the center of the financial crisis, and the GSEs were at the center of housing finance inflation. Any meaningful reform of the mortgage system, and therefore the financial problems underlying the recession, must deal directly with Fannie and Freddie. But last summer our elected representatives instead passed a 2,300-page financial "reform" act that purposefully avoided addressing this central issue."

Full post as published by Mortgage Lender Implode-o-Meter on October 16, 2010 (boomark / email).

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