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Loan Modification

: Mortgage Lender Implode-o-Meter

Mortgage Bankers Association sells HQ at $38m loss

By Implode-Explode Heavy Industries

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"If anyone should be capable of financing a property successfully, you would think it would be the US Mortgage Bankers Association. But the nationwide trade organisation has been obliged to sell its own headquarters at a loss of $38m after spectacularly misjudging the value of a prime slice of Washington office space."

Full post as published by Mortgage Lender Implode-o-Meter on February 09, 2010 (boomark / email).

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