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Monday
Feb082010

« DELICIOUS IRONY: Mortgage Bankers Association (MBA) Dumps Headquarters In Short Sale »

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Reader Comments (1)

It is just astounding, the trade group for mortgage lending is such an embarrassment to the industry.

It only goes to further prove the MBA should have no input to the remedies to this housing debacle. They promoted it, they endorsed it, pushed it on the Hill, caused it, and then ultimately fell for it themselves. How are you supposed to respect an organization touting buy, buy, buy, interest only and Option ARMS when they themselves have to dump their own place, screwing their own lenders (who are members of the MBA to boot) who financed the deal.

Of course they will expect their members to foot the bill. They have lost all credibility. Idiots.
Feb 9, 2010 at 12:42 PM | Unregistered CommenterInTheMortgeIndustry

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