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Loan Modification

: Mortgage Lender Implode-o-Meter

Pimco's Gross Urges `Full Nationalization' of Housing Finance

By Implode-Explode Heavy Industries

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"?To suggest that there?s a large place for private financing in the future of housing finance is unrealistic,? Gross said today at a U.S. Treasury Department conference in Washington. ?Government is part of our future. We need a government balance sheet. To suggest that the private market come back in is simply impractical. It won?t work.?"

Full post as published by Mortgage Lender Implode-o-Meter on August 18, 2010 (boomark / email).

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