Loan Think

What We're Hearing

Published June 02, 2009, 5:00 a.m. EDT

1 Min Read

Just how hot is the loan modification business? Apparently, Hollywood is now making movies out of it. Okay, not exactly, but last week a new flick about a mortgage loan officer opened and finished fourth in tickets sales from Thursday to Sunday. The movie is called "Drag Me to Hell" and tells the tale of a loan officer named Christine who denies a loan extension on a home owned by a gypsy. Once denied, the gypsy puts a curse on the LO who fights off getting dragged to hell -- permanently. I didn't see the movie but perhaps the Hope Now Alliance might want to run a trailer on its website warning servicers that this is what might happen if they don't start being a bit more generous with loan mods. Meanwhile, the new unemployment figures come out on Friday. Unemployment drives delinquencies. Over in Europe the jobless rate is already at 9.2% with Spain suffering the most at 18%â¦

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