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Loan Modification

: Mortgage Lender Implode-o-Meter

The Biggest Losers

By Implode-Explode Heavy Industries

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"Unlimited bailouts will now allow the Treasury to keep them in conservatorship, which means they can help to conserve the Democratic majority in Congress by increasing their role in housing finance. With the Federal Reserve planning to step back as early as March from buying $1.25 trillion in mortgage-backed securities, Team Obama is counting on Fan and Fred to help reflate the housing bubble."

Full post as published by Mortgage Lender Implode-o-Meter on January 04, 2010 (boomark / email).

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