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Loan Modification

: Mortgage Lender Implode-o-Meter

Halabi Companies Fail to Fix Mortgage Bonds Default

By Implode-Explode Heavy Industries

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" Investor Simon Halabi?s real-estate companies failed to remedy a default on 1.15 billion pounds ($1.9 billion) of commercial mortgage bonds at a time when, according to Fitch Ratings, ?pretty much? all such European deals would breach loan-to-value conditions if they were tested."

Full post as published by Mortgage Lender Implode-o-Meter on July 04, 2009 (boomark / email).

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