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Loan Modification

: Mortgage Lender Implode-o-Meter

Ireland?s secret liquidity is unbelievably cheap

By Implode-Explode Heavy Industries

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``The interest rate paid by Irish banks on ELA is in the ?ball park? of 2pc-3pc, informed sources said. The rate is based on the ECB?s marginal lending facility of 1.75pc, plus a ?penalty? reflecting the emergency nature of the aid.''

Full post as published by Mortgage Lender Implode-o-Meter on February 08, 2011 (boomark / email).

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