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Loan Modification

: Mortgage Lender Implode-o-Meter

Mortgage Lending Likely to Stay `Subdued' on Lack of Funds, Hometrack Says

By Implode-Explode Heavy Industries

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"Lenders will probably approve 1.2 million mortgages, the same number as in 2010, the London-based property researcher said in an e-mailed report today. That?s less than half of the 3 million mortgages issued during the 2007 property boom. Hometrack expects house prices to fall by about 2 percent."

Full post as published by Mortgage Lender Implode-o-Meter on January 12, 2011 (boomark / email).

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