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Loan Modification

: Mortgage Lender Implode-o-Meter

Home equity horror

By Implode-Explode Heavy Industries

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"By now everyone knows that big banks have A LOT of second lien loans on their balance sheet. But how much is at risk of being written off? CreditSights put out a report that helps answer that question (no link). In the meantime, regulators may dust off a shelved capital rule so that they?ve more capital to deal with the problem."

Full post as published by Mortgage Lender Implode-o-Meter on April 08, 2010 (boomark / email).

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