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Loan Modification

: Mortgage Lender Implode-o-Meter

Vultures circling

By Implode-Explode Heavy Industries

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Billionaire investor Wilbur Ross yesterday said he's ready to save beleaguered Manhattan apartment complex Stuyvesant Town-Peter Cooper Village the moment someone asks for his help. "To the degree there is a role for capital -- whether to give [StuyTown's bondholders] an exit for cash or put new cash into the property -- we would be prepared to do that," Ross told The Post. "We're waiting to see what the bondholders would like to do and we'll try to accommodate them."

Full post as published by Mortgage Lender Implode-o-Meter on January 26, 2010 (boomark / email).

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