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Loan Modification

: Mortgage Lender Implode-o-Meter

More On The SHAM "Stress Test"

By Implode-Explode Heavy Industries

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Given the Fannie report, which was known to the government (since it is under conservatorship) for a significant amount of time prior to being filed, there is absolutely no excuse whatsoever for The Fed's "Stress Test" report to be published without a footnote indicating that the "most adverse" metrics had been proved met by the largest prime mortgage lender and guarantor in the United States already.

Full post as published by Mortgage Lender Implode-o-Meter on May 09, 2009 (boomark / email).

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