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Loan Modification

: Mortgage Lender Implode-o-Meter

Ackman Loses ? Fannie/Freddie Win! Not?

By Implode-Explode Heavy Industries

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"Bill Ackman of Pershing Square Capital looks like he lost a small battle. He was in a fight to take over NY?s Stuy Town. The property was foreclosed on today, so Bill lost out. But, as is usual, he came out a winner. Fannie Mae and Freddie Mac were on the other side of this. So you might say they won. I think they just made a mistake they will regret."

Full post as published by Mortgage Lender Implode-o-Meter on October 27, 2010 (boomark / email).

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