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Loan Modification

: Mortgage Lender Implode-o-Meter

S&P May Reduce 1,196 Securities Tied to Residential Mortgages After Errors

By Implode-Explode Heavy Industries

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"Standard & Poor?s said it may downgrade 1,196 securities tied to U.S. residential mortgages after it ?incorrectly analyzed? the bonds because of the way interest payments on the debt are structured."

Full post as published by Mortgage Lender Implode-o-Meter on December 16, 2010 (boomark / email).

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