Mortgage Bankers Association and its own mortgage troubles
From "The Daily Show":
Apparently, they didn't actually default. According to the Big Picture, it was a short sale, getting $41.3 million for the building they paid $79 million for in 2007. Was the debt restructured? Will it paid back in full? The MBA isn't saying.
Robert Brokamp, CFP®, is the senior advisor for the Fool's Rule Your Retirement service.