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Mortgage Bankers Association Can't Afford Its Own Mortgage

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At www.washingtonpost.com

Scheduled to close on the building in the coming weeks, the Mortgage Bankers Association will have to pay millions of dollars more than it would have a year ago when it contracted to buy the 160,000-square-foot structure -- millions of dollars it is now less able to afford since many of its members fell victim to the subprime mortgage massacre.

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At www.washingtonpost.com


 

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There should be a joke on SNL about the deals you ... by ljs on Wednesday, Apr 9, 2008 at 1:03:43 PM