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Loan Modification

: Mortgage Lender Implode-o-Meter

Foreclosures continue amid growth

By Implode-Explode Heavy Industries

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"Foreclosure-related transactions most often register when a bank sells a house directly to a new homeowner, as has happened 17 times in 2010. But almost as frequently, 15 times in the last 12 months, banks have sold foreclosed properties to federal agencies, a sign that the Federal Housing Authority guaranteed the buyer?s loan."

Full post as published by Mortgage Lender Implode-o-Meter on August 29, 2010 (boomark / email).

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