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Loan Modification

: Mortgage Lender Implode-o-Meter

It?s the Mortgage, Stupid

By Implode-Explode Heavy Industries

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"The thing we should be calling a commercial bank ? is not the main culprit of the originate to securitize model. A predominance of these loans were made and securitized by non-depository institutions, mortgage banking institutions and consumer finance companies that were not subject to federal banking supervision. That?s not to say that big banks and thrifts ? subject to Federal banking supervision ? were not major players. Wells Fargo, Wachovia, Citigroup, and Chase make the lists of top subpr read more

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

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