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Loan Modification

: Mortgage Lender Implode-o-Meter

Is The Congress About To Pass A Bailout, And Save The Banks From The Mortgage-Putback Crisis?

By Implode-Explode Heavy Industries

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"Here?s what is going to happen: Congress will pass a law called something like ?The Financial Modernization and Stability Act of 2010? that will retroactively grant mortgage pools the rights in the underlying mortgages that people are worried about. All the screwed up paperwork, lost notes, unassigned security interests will be forgiven by a legislative act."

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

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