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Loan Modification

: Mortgage Lender Implode-o-Meter

The Foreclosure Mess MBS Hate Triangle Emerges: Junior Versus Senior Bondholders Versus Servicers

By Implode-Explode Heavy Industries

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``it will now become "every man, sorry, banker for themselves" as each party attempts to preserve as much capital as possible given the new development: juniors will push for an indefinite foreclosure halt, seniors will seek an immediate resumption of the status quo, while the servicers stand to get stuck with billion dollar legal and deficiency fees if it is found that "standard industry practices" were not followed.''

Full post as published by Mortgage Lender Implode-o-Meter on October 07, 2010 (boomark / email).

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