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Loan Modification

: Mortgage Lender Implode-o-Meter

Tom Adams: Face to Face With Polished Wall Street Psychopathy

By Implode-Explode Heavy Industries

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"I was not alone in the many mistakes I had made. My competitors, including the largest and savviest banks and investors had made the same errors on an even grander scale. If you were to take them at the word, the highest ranking regulators, officials and economists had failed to anticipate the decline in home prices and its impact on mortgage bonds and, even worse, the impact of such declines on the US and global economy."

Full post as published by Mortgage Lender Implode-o-Meter on June 25, 2010 (boomark / email).

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