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Loan Modification

: Mortgage Lender Implode-o-Meter

Pimco, Blackrock And New York Fed Said To Seek Bank Of America Mortgage Putbacks

By Implode-Explode Heavy Industries

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"As the putback parade gets going, the question is not whether the banks can afford to buy back the mortgages. The question is ?Can the Banks Afford the Instantaneous and Guaranteed HIT to CAPITAL?? What investors will lend money to see it instantly evaporate, and how much will they charge for those evaporation services? TARP 3.0 coming to a door step near you!!!"

Full post as published by Mortgage Lender Implode-o-Meter on October 19, 2010 (boomark / email).

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