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Loan Modification

: Mortgage Lender Implode-o-Meter

Mortgage lending could stop amid $20 billion penalty

By Implode-Explode Heavy Industries

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"Any potential settlement U.S. regulators reach with large mortgage lenders and servicers to modify loans and pay $20 billion or so to help borrowers underwater on their mortgage will do little to help the already fragile market recover, according to Bank of America Merrill Lynch analysts."

Full post as published by Mortgage Lender Implode-o-Meter on February 25, 2011 (boomark / email).

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