Guest Post: Mortgage Lender Implode-O-Meter sued

Morgan Brown has been covering a developing story concerning new legal action from Loan Center of California against the Mortgage Lender Implode-O-Meter. According to the site's press release:

"The complaint is in response to an email posted on the Mortgage Lender Implode-O-Meter website on April 18th, 2007. LCC alleges that as a result of that posting, nearly $4 million of funding was withdrawn by Credit Suisse and Washington Mutual (along with a variety of other business injuries)."

My personal opinion is: The argument that Credit Suisse is actually using a site called the "Implode-O-Meter" as a primary resource to get creditworthiness-investment data is tortured to say the least.

--Todd Carpenter - lenderama

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