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Loan Modification

: Mortgage Lender Implode-o-Meter

Lender Overlays Killing Home Sales

By Implode-Explode Heavy Industries

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"It?s bad enough that private lenders are making hardly any loans that are not insured by the Federal Housing Administration or purchased by the government-sponsored enterprises, they complained. But the underwriting restrictions lenders are placing on top of the government?s requirements are chocking off any chance of a housing recovery."

Full post as published by Mortgage Lender Implode-o-Meter on November 19, 2010 (boomark / email).

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