Chicago, IL (PressExposure) August 19, 2009 -- Blown Mortgage which offers one of the most trusted free home loan modification and independent mortgage industry commentary online has said that the mortgage industry is on a path to recovery but it is still sometime before it stabilizes entirely. Since its launch in 2006 after the credit crisis started the blog has been one of the most read blogs across the United States. Mr. Daniel Logan, editor of Blown Mortgage said that their blog has received hundreds of thousands queries on the housing market and answered them through articles, blogs and responding to individual comments. The mortgage modification initiatives of the United States Treasury are helping to stabilize the housing market in a big way. Mr. Logan emphasized the fact that the mission of the company is to provide genuine solutions and responses to American homeowners. Every member of the editorial team is experienced in the loan modification service and gives valuable and genuine solutions on the subject. This is one of the reasons why Blown Mortgage is quickly moving towards becoming the primary source of loan modification information on the Internet.
Mr. Logan mentioned that the sole objective of Blown Mortgage is to give peace of mind to citizens so that they can start their day with a lesser burden. Apart from mortgage, the site also gives valuable information on consumer credit relief. Blown Mortgage is not a service provider for loan modifications. Commenting on the root of the credit and housing problem he said that Americans had taken mortgages beyond their means to profit from the steep rise in real estate prices. However, like every graph rises and falls the real estate growth could not sustain the abnormal rise, and fell steeply. The drop took many of leading Wall Street giants such as Lehman Brothers and Bear Sterns along with it. It just stopped short of drowning the pillars of American economy such as Citigroup and AIG.
As a step towards stability of the country, the administration moved in quickly and was supported by banks which were not in such a bad shape. He said that Blown Mortgage and its team of researchers are focused on offering advices and tips to help citizens to overcome their individual problems. The team has developed an excellent knowledge base on loan modifications, loan refinancing and mortgage modification which is being used extensively to solve credit problems. Blown Mortgage has already received its share of bouquets being noted as one of the Top 3 influential Mortgage Blogs in the industry by Inman News.
The team at Blown Mortgage is one of the best with recognized writers and researchers such as Jay Hammond, Constantine Von Hoffman and Morgan Brown taking the pen. The company plans to expand the team with new writers and researchers joining the team. He said that a marketing campaign has been initiated to make the blog more popular among citizens so that they can benefit from the credit related information. With the new presidency and a bigger financial stimulus, millions of Americans can hope to see better days in the future.
For more information visit http://blownmortgage.com/