Tuesday, December 13, 2011

Mortgage Banks Association (MBA) shortsold office space, but tells homeowners to pay mortgages

From the New Yorker
Sometimes the hypocrisy is staggering: last winter, the Mortgage Bankers Association—the very body whose president attacked defaulters for betraying their families and their communities—got its creditors to let it do a short sale of its headquarters, dumping it for thirty-four million dollars less than the value of the building’s mortgage.

1 comment:

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