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Loan Modification

: Mortgage Lender Implode-o-Meter

Subprime lobbyists in $370m battle

By Implode-Explode Heavy Industries

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"The top 25 US originators of subprime mortgages ? the risky assets that sparked the global financial crisis ? spent almost $370m in Washington over the past decade on lobbying and campaign donations as they tried to ward off tighter regulation of their industry, an investigation has shown."

Full post as published by Mortgage Lender Implode-o-Meter on May 06, 2009 (boomark / email).

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