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Loan Modification
: Mortgage Lender Implode-o-MeterPaul Volcker Says Mortgage Market Will 'Have To Be Reconstructed'
By Implode-Explode Heavy Industries
Former Federal Reserve Chairman Paul Volcker said the nation's home mortgage market is in trouble and will have to be "reconstructed."
"It's totally dependent, heavily dependent on government participation," Volcker said Friday in an interview with Bloomberg Television. "It shouldn't be that way. That's going to have to be reconstructed."
Full post as published by Mortgage Lender Implode-o-Meter on February 20, 2010 (boomark / email).
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