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TMFBro (< 20)

Mortgage Bankers Association and its own mortgage troubles



October 08, 2010 – Comments (1)

From "The Daily Show":

The Daily Show With Jon StewartMon - Thurs 11p / 10c
Mortgage Bankers Association Strategic Default
Daily Show Full EpisodesPolitical HumorRally to Restore Sanity

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.




1 Comments – Post Your Own

#1) On October 08, 2010 at 1:47 PM, mtf00l (47.04) wrote:

Classic example of "do as I say, not as I do".

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