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Loan Modification

: Mortgage Lender Implode-o-Meter

At GSEs, Undercapitalized May Not Mean 'Underreserved': KBW

By Implode-Explode Heavy Industries

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"Both companies will be adequately reserved for their legacy portfolio by the end of 2010, unless there is a meaningful downturn in the economy, according to analysts led by Bose George. KBW expects cumulative GSE losses to total approximately $200bn, noting that market estimates of $400bn in cumulative losses are "overly pessimistic."

Full post as published by Mortgage Lender Implode-o-Meter on August 13, 2010 (boomark / email).

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