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Loan Modification

: Mortgage Lender Implode-o-Meter

Are German Banks Next To Seek Putback Claims From Bank Of America?

By Implode-Explode Heavy Industries

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``Political pressure is growing in Germany for banks to collaborate with US RMBS buyback movements, according to a source with knowledge of the situation and German media reports. The nation?s minority party is petitioning the German government to divulge names of banks that have not signed on to the coalition by 15 December, the source said. The country?s banks hold billions in US non-agency RMBS.''

Full post as published by Mortgage Lender Implode-o-Meter on January 04, 2011 (boomark / email).

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