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Loan Modification
: Mortgage Lender Implode-o-MeterBarney Frank in 2005: What Housing Bubble?
By Implode-Explode Heavy Industries
As Chair of the House Financial Services Committee, Barney Frank is the most powerful Congressional voice on issues facing banking and the economy?. People are investing in ?homes, where there is not the degree of leverage we have seen elsewhere.? But at the height of the bubble, buyers were putting $0 down. That?s 100% leverage. You can?t get more levered than that?
Full post as published by Mortgage Lender Implode-o-Meter on May 27, 2009 (boomark / email).
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