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Loan Modification

: Mortgage Lender Implode-o-Meter

FDIC Steps Up Busted-Bank Loan Sales on Terms Buyers ?Love?

By Implode-Explode Heavy Industries

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"The sales, some including no-interest financing from the agency, are part of an FDIC effort to clean out $40 billion of loans that regulators seized from failed banks. Starwood Chief Executive Officer Barry Sternlicht told potential investors in February it?s ?very hard to lose money? on the deals."

Full post as published by Mortgage Lender Implode-o-Meter on April 14, 2010 (boomark / email).

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