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Loan Modification

: Mortgage Lender Implode-o-Meter

Wall Street Whispers: Is Bill Gross Full of Baloney?

By Implode-Explode Heavy Industries

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"Gross, a high-profile market sage who manages the world's biggest bond fund, made some provocative comments that stand to severely impact the $10 trillion mortgage-backed securities (MBS) market. Apparently, if the government stops standing behind MBS, Gross will stop buying them for his $234 billion PIMCO Total Return Fund."

Full post as published by Mortgage Lender Implode-o-Meter on August 13, 2010 (boomark / email).

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