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Loan Modification

: Mortgage Lender Implode-o-Meter

Extend and Pretend: The Russian doll version

By Implode-Explode Heavy Industries

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"The US government is looking at possible solutions for the mess that Fannie Mae and Freddie Mac have long since become. There is, however, no solution available. Period. Simple as that. The government has dug itself into a hole when it comes to mortgages and mortgage-based securities that it cannot find a way out of. "

Full post as published by Mortgage Lender Implode-o-Meter on July 26, 2010 (boomark / email).

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