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Loan Modification

: Mortgage Lender Implode-o-Meter

Foreclosure Probe Talks Include Mortgage Investors Urging Deal

By Implode-Explode Heavy Industries

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"?The mortgage backed securities are worth pennies on the dollar, so any kind of recovery would be better,? Arizona Attorney General Terry Goddard said in an interview. Owners of mortgage-backed securities are ?one of the players urging a resolution,? he said. State officials have begun informal talks with some investors, Iowa Attorney General Tom Miller said."

Full post as published by Mortgage Lender Implode-o-Meter on November 24, 2010 (boomark / email).

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