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Loan Modification

: Mortgage Lender Implode-o-Meter

Bank of America, Goldman Said to Offer $5 Billion Hilton Debt

By Implode-Explode Heavy Industries

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"Banks are attempting to clear their books of debt tied to the Hilton buyout as Wall Street tries to revive the $700 billion market for commercial mortgage-backed securities. Less than $1 billion of the debt has been sold this year, compared with $232.4 billion in 2007 when sales peaked, according to data compiled by Bloomberg."

Full post as published by Mortgage Lender Implode-o-Meter on June 10, 2010 (boomark / email).

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