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Loan Modification

: Mortgage Lender Implode-o-Meter

Banks firing at regs

By Implode-Explode Heavy Industries

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"Strongly hinting that average Joes could become collateral damage as a result of Congress' hard-line approach to regulating banks, Wall Street warned that the cost of home ownership could surge as a result of rules that prevent banks from using a form of derivatives called swaps, which help banks hedge against interest-rate risk and keep a lid on interest rates."

Full post as published by Mortgage Lender Implode-o-Meter on May 22, 2010 (boomark / email).

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