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Loan Modification

: Mortgage Lender Implode-o-Meter

BlackRock Proposes New Consumer Bankruptcy Option, Novick Says

By Implode-Explode Heavy Industries

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"BlackRock, the world?s largest asset manager, proposes creating a bankruptcy option under which terms of a consumer?s mortgage can be eased, though only after other debts are eliminated, Novick said in a telephone interview. Judges would need to follow a formulaic approach, she said."

Full post as published by Mortgage Lender Implode-o-Meter on January 21, 2010 (boomark / email).

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