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Loan Modification

: Mortgage Lender Implode-o-Meter

Clinton Official Involved in Controversies Stemming From 9/11 and Subprime Loan Crisis Reportedly Shortlisted to Run FBI

By Implode-Explode Heavy Industries

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"In 2001, Gorelick announced that Fannie was buying subprime loans encouraged by the Community Reinvestment Act (CRA) and bundling them as securitized financial instrument--the same securities that ultimately plagued the balance sheets of financial institutions such as Bear Stearns and Lehman Brothers once the housing market suffered a downward correction in 2008."

Full post as published by Mortgage Lender Implode-o-Meter on March 23, 2011 (boomark / email).

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