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Loan Modification

: Mortgage Lender Implode-o-Meter

FDIC Readies Sales of Bonds of Failed Banks Assets

By Implode-Explode Heavy Industries

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"Initial offerings may include about $2 billion of the FDIC?s remaining stakes in loans from Corus Bank and Franklin Bank, according to people familiar with the discussions who declined to be identified because the talks aren?t public. The debt would be guaranteed by the agency, they said."

Full post as published by Mortgage Lender Implode-o-Meter on February 24, 2010 (boomark / email).

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