2008-07-28nakedcapitalism.com

"You simply cannot make this stuff up. Reader Steve pointed us to a HousingWire post, which says that mortgage servicers may too come knocking on the Fed's window for financial support, thanks to the housing bill just passed by Congress."



Comments:

VacantHomes at 01:20 2008-07-29 said:
My lawn care business needs to shore up its capital. Can I get access to the discount window?

But seriously, I thought Countrywide's "lucrative servicing platform" was a big reason for the BAC-Countrywide deal to go through, despite the toxic mortgage portfolio. Now even the servicing is going to be a money loser? Permalink

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