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Loan Modification

: Mortgage Lender Implode-o-Meter

Vranos?s Ellington Financial Shelves IPO to Buy Mortgage Debt

By Implode-Explode Heavy Industries

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"Ellington Financial LLC, run by Michael Vranos?s $2.5 billion hedge-fund firm, shelved its initial public offering as investors refused to finance its plan to buy bonds backed by the type of home loans that helped spur the biggest housing bust since the Great Depression."

Full post as published by Mortgage Lender Implode-o-Meter on December 11, 2009 (boomark / email).

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