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View Full Version : Geithner Vows to Press for Writedowns for Underwater Home Loans - Bloomberg



NewsWhore
08-01-2012, 12:50 AM
Geithner Vows to Press for Writedowns for Underwater Home Loans (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNE1UOC8twDWghsDd4v2ZInL6UTEbg&url=http://www.bloomberg.com/news/2012-08-01/geithner-vows-to-press-for-writedowns-for-underwater-home-loans.html)
Bloomberg
About 10 percent of such modifications now involve writedowns, according to data from the Office of the Comptroller of the Currency. The technique may work better for private investors because they can choose which loans are eligible, an almost ...

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