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Loan Modification

: Mortgage Lender Implode-o-Meter

Bank of England To Be Able to Restrict Mortgage Lending

By Implode-Explode Heavy Industries

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"This proposed authority for the Bank of England is much simpler and likely to prove more effective than some of the rules being finalized in the US (where minor changes in wording buried in lengthy provisions can substantially weaken the initiative). Of course, it does not hurt that the Bank of England has institutional memory of what effective regulation looks like."

Full post as published by Mortgage Lender Implode-o-Meter on June 16, 2010 (boomark / email).

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