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Loan Modification

: Mortgage Lender Implode-o-Meter

CIT urges FDIC on issue of guaranteed debt

By Implode-Explode Heavy Industries

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CIT Group Inc (CIT.N), a commercial U.S. lender struggling to finance its business, is pressing U.S. regulators to allow it to issue government-backed bonds to allay concerns over its financial health, the Financial Times reported on its website late on Wednesday.

Full post as published by Mortgage Lender Implode-o-Meter on July 09, 2009 (boomark / email).

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