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Loan Modification

: Mortgage Lender Implode-o-Meter

Bank Chief Rejects Idea of Reducing Home Loans

By Implode-Explode Heavy Industries

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"Showing resistance for the first time against government pressure to write off tens of billions worth of mortgage debt, Bank of America executives said on Tuesday that the idea was unworkable and warned that it would be unfair to borrowers who had managed to stay current on their loans."

Full post as published by Mortgage Lender Implode-o-Meter on March 09, 2011 (boomark / email).

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