2010-05-12doctorhousingbubble.com

This is a pretty devastating set of charts and arguments that forms a formidable response to the FHA's recent assertion that the market is "stabilizing". All we have seen is basically a pause in the decline of prices thanks to the government throwing trillions at the problem. Not much bang for the buck... and not sustainable.



Comments:

mortgagemess at 18:58 2010-05-13 said:
I believe this is true and many of the lenders/servicers are starting to realize it as well...

Especially when you see servicers like One West Bank Indymac now creating a "streamline" way of doing loan modifications. This from a bank that foreclosured faster than the blink of an eye and has more bad press than Hilton OJ and Tiger put together... Permalink

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