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Loan Modification

: Loan Modification & Home Loan News

Blackrock says banks need to take their share of losses before they start buying again

By Moe Bedard

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BlackRock, a leading US bond investor, says banks will have to take their share of losses on distressed mortgages before it resumes large-scale purchases of new ?private label? mortgage bonds, which are sold without government backing. The position taken by Curtis Arledge, chief investment officer for fixed income at BlackRock, who oversees $580bn of investments, marks the [...]

Full post as published by Loan Modification & Home Loan News on April 06, 2010 (boomark / email).

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