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Loan Modification

: Mortgage Lender Implode-o-Meter

Cairn Buys U.K. Commercial Mortgage Bonds Assuming 100% Default

By Implode-Explode Heavy Industries

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" Cairn Capital Ltd., the London-based asset-manager that oversees about $32 billion, is betting that it will make money on U.K. commercial mortgage-backed securities even if most of the loans packaged in the bonds default."

Full post as published by Mortgage Lender Implode-o-Meter on June 10, 2010 (boomark / email).

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