2010-11-13 — nakedcapitalism.com
"Banks are going to qiuite some lengths to avoid doing principal mods. I’d love to know how Bank of America will book this loan versus the it one currently has. Lawyers for borrowers have been pushing principal mods when the bank is having trouble proving standing and is suddenly very willing to negotiate. But deals are confidential, so I have not gotten any reports as to success."
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.