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Loan Modification

: Mortgage Lender Implode-o-Meter

Billionaire investor says now is right time to give home loans

By Implode-Explode Heavy Industries

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"BILLIONAIRE INVESTOR Wilbur Ross believes some will think he and his fellow members in the consortium bidding for an Irish lender have lost their minds.

However, an investment by WL Ross in Educational Building Society (EBS) is as ?counter-intuitive? as the firm?s recent purchases of banks in Florida and Michigan, two of the states worst hit by the US subprime mortgage meltdown."

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

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