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Loan Modification

: Mortgage Lender Implode-o-Meter

MERS/MBS/Foreclosure Goes RICO

By Implode-Explode Heavy Industries

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``... this little issue isn't going away and there's plenty more in this filing.... and if you're a holder of MBS (a pension fund, perhaps, or a pensioner who thinks they're going to get paid their pension?) contemplating that you very well may have an "empty box" that has no value, and no way to cure the problem, certainly ought to keep you up at night.''

Full post as published by Mortgage Lender Implode-o-Meter on October 05, 2010 (boomark / email).

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