St. Louis Fed: Foreclosure Crisis Nears Conclusion … The Mortgage Segment Has FLATLINED

flatline

The U.S. mortgage crisis is drawing to a close. That, at least, is the assessment of the Federal Reserve Bank of St. Louis, which stated recently that the final remnants of the recession’s “historically elevated rates of extreme mortgage distress and defaults” are largely in the rear view mirror and that the foreclosure crisis should officially end early this year.

All that is left in the Mortgage Segment is a low volume of $3 inspections tasked out by some of the worst Mortgage Order Mills (MOMs). The mortgage segment is like Chicago … a center of crime. Lives are destroyed every day.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s