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Loan Modification

: Mortgage Lender Implode-o-Meter

Housing bust: have lenders have learned their lesson?

By Implode-Explode Heavy Industries

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""As lenders raced to put inventory on the market, effectively everyone was undercutting everybody else -- that really drove everything down at a remarkable rate," said Alex Villacorta, senior statistician at Clear Capital, a real estate trends tracking firm. If lenders repeat that in 2011, it would devastate the market"

Full post as published by Mortgage Lender Implode-o-Meter on January 06, 2011 (boomark / email).

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