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Loan Modification

: Mortgage Lender Implode-o-Meter

Are Defaults Really Driving Retail Spending?

By Implode-Explode Heavy Industries

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``And I will even grant you that hundreds, maybe thousands of people who are behind on their mortgages are spending irresponsibly. Perhaps tens of thousands are. But there are over 7 million late mortgage payers, and 15 million people under or unemployed. That works out to be less than 1% of the delinquent homeowners. I?d like to see data.''

Full post as published by Mortgage Lender Implode-o-Meter on April 21, 2010 (boomark / email).

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