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Loan Modification

: Mortgage Lender Implode-o-Meter

Investors want Ambac to stop paying dividends to parent company

By Implode-Explode Heavy Industries

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"Now a group of hedge funds that hold residential mortgage-backed securities insured by Ambac filed a motion with the circuit court of Dane County, Wis., seeking to prevent any payments from the muni-bond insurance unit finding their way to the parent corporation."

Full post as published by Mortgage Lender Implode-o-Meter on September 01, 2010 (boomark / email).

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