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Loan Modification

: Mortgage Lender Implode-o-Meter

As Pay Falls, Borrowers Lose Ground

By Implode-Explode Heavy Industries

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"A report released this summer by the Joint Center for Housing Studies of Harvard University said that about one in eight homeowners had household debt that exceeded half their monthly income in 2008, the year reviewed in the study. That figure is up from 1 in 11 homeowners in 2001."

Full post as published by Mortgage Lender Implode-o-Meter on September 05, 2010 (boomark / email).

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