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Loan Modification

: Mortgage Lender Implode-o-Meter

Questioning Marks on Mortgages at Top FHLB

By Implode-Explode Heavy Industries

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``While the bank has said it expects only a $688 million credit loss on a nearly $20 billion portfolio of mortgage-backed securities, outsiders expect a loss closer to $5 billion?a figure that would wipe out the bank's retained earnings.''

Full post as published by Mortgage Lender Implode-o-Meter on June 03, 2010 (boomark / email).

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