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Loan Modification

: Mortgage Lender Implode-o-Meter

The Real Money Is In Flipping Bank Charters, Not Houses

By Implode-Explode Heavy Industries

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``The bottom line is the OTS has too much flexibility to change the rules of the game as they see fit. If other big time servicers like Tom Morano's ResCap own a bank now through GMAC, why shouldn't the OTS let Ross's AHMSI play in the same sandbox?''

Full post as published by Mortgage Lender Implode-o-Meter on June 05, 2009 (boomark / email).

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