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Loan Modification

: Mortgage Lender Implode-o-Meter

TCW Said to Seek Sale of Bonds as Investors Pull $1 Billion

By Implode-Explode Heavy Industries

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"TCW Group Inc. put $450 million of mortgage securities up for sale as clients pulled about $1 billion from its funds, the latest fallout from last week?s firing of the Los Angeles-based firm?s chief investment officer, people familiar with the matter said."

Full post as published by Mortgage Lender Implode-o-Meter on December 09, 2009 (boomark / email).

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