The Implode-O-Meter lends insight into the financial state of mortgage lending. It combines the candor of Consumer Reports with financial muckraking, weeding out the truth in the mortgage lending industry. Implode-O-Meter, by its own accounts, seeks to inform and educate the public by pulling back the curtain to reveal the wizard that is the mortgage lending industry.
Implode-O-Meter and Transparency
The main aspect of the Implode-O-Meter which makes it different from other housing and mortgage web sites is that it seeks not to sell, or to market, it seeks to educate consumers about mortgage lending and the housing industry.
The Implode-O-Meter contains a wealth of information about the home financing sector, and is a sources of breaking news and fresh information. The depth of the information on the Implode-O-Meter may seem overwhelming to some, as there is so much information to sift through on the busy, text-based front page.
If the Implode-O-Meter web site were a painter, it would be a harsh realist. The Implode-O-Meter exposes all of the bumps cracks in the road to financing a home. The Implode-O-Meter, in the vein of all good muckrakers, also seeks to find the cause of the problems in the home financing sector.
Also keep an eye on their “Watch list” which could provide insight into companies which are on the verge of imploding.
Implode-O-Meter and Good News
The Implode-O-Meter also gives consumers and lenders insight into the good news regarding home financing. The “Non-imploded” list tracks financially healthy mortgage lenders.
Housing Resources for Lenders and Homeowners
There are other web sites which seek to provide a more transparent look at home buying and home lending. After a two-year search for a home, I can conclude that there is no one real estate web site that does it all. By using these web sites in conjunction with each other, potential home owners will see a more clear picture of the housing market than they will when they use sites whose main purpose is to sell, not to inform.
These web sites, similar to Implode-O-Meter, provide more national coverage than other city-focused or region-focused real estate web sites. Even small towns and non-urban areas are covered by these sites.
Zillow.com is a useful web site for potential home owners. Unlike sites like Reatlor.com, Zillow.com gives you the sales history and dates on specific homes. This is useful for homeowners who are trying to assess the value of a home.
A site like Zillow.com also gives an accurate record of the most recent taxes paid on a home. Home owners need to add the taxes into the budget when buying a home.
For comparison purposes, Trulia. com is one of the more useful web sites. Trulia.com gives home owners a price per square foot for each home. This real estate web site also lists comparable homes in the area, based on recent home sales.
While there is a commercial aspect to RealEstateABC.com, this popular real estate web site does give current information on interest rates and home sales.