Mortgage Financing Blog

Updated 11/10/2008

Let the unintended consequences begin! This type of action caused major investor lawsuits in the 1980s in the wake of the S&L scandals,and will surely cause more headaches in the next few years, than it solved from the last 2 years’ foreclosure headaches.  Below, text of the passage of the FHA bailout bill related to Safe Harbor for Mortgage Servicers of Securitized mortgage loan pools.

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For all of you avid blog readers out there, this topic was covered about Hyman Minsky, and the developing push towards a “Minsky Moment” last year, but oddly, I am going to say that last year’s events did not constitute a real “Moment” but this weeks’s events are in fact the long awaited Minsky Moment!

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