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Loan Modification

: Mortgage Lender Implode-o-Meter

Redline: A Critical Review of the Mortgage Crisis

By Implode-Explode Heavy Industries

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Why would the largest financial institutions in the world pick a car salesman with no education or business experience to be their partner in issuing, securitizing, and selling $4 billion dollars in home mortgages? Did they have any second thoughts about their partnership when, in 2007, Sadek released his spectacle of a film with the tagline ?Fear Nothing. Risk Everything.??

The analysis of lending with interest in this is a bit crackpottish, but you get the idea about the general "con".

Full post as published by Mortgage Lender Implode-o-Meter on February 15, 2010 (boomark / email).

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