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Loan Modification

: Mortgage Lender Implode-o-Meter

Committee Takes Up Subprime and Citi?s Troubles

By Implode-Explode Heavy Industries

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"In prepared statements, a former Citi mortgage lending officer and whistle-blower, Richard M. Bowen III, testified before the Financial Crisis Inquiry Commission that he had alerted his bosses about problems in the bank?s mortgage portfolio, and Mr. Greenspan, the former Federal Reserve chairman, warned that preventing future crises would be nearly impossible."

Full post as published by Mortgage Lender Implode-o-Meter on April 07, 2010 (boomark / email).

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