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Loan Modification

: Mortgage Lender Implode-o-Meter

SEC Creates `Worthless' Mandate for Asset-Backed Bond Issuers, Allon Says

By Implode-Explode Heavy Industries

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"The U.S. Securities and Exchange Commission failed investors by allowing issuers of asset-backed bonds to conduct their own checks of data on the underlying debt, said Sue Allon, founder of a mortgage-review company."

Full post as published by Mortgage Lender Implode-o-Meter on January 25, 2011 (boomark / email).

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