Mortgage Bankers Lose 50% on their OWN HQ…
You can't make this up… your Beloved GT's worldview gets another validation from Madame Reality as we learn that the Mortgage Bankers Association has sold their headquarters (for which they paid $90m at the top of the market) for $41 million.
These are the folks who have their press releases about the property market treated as Holy Writ by journalists. They're supposed experts in the property market, and yet they got towelled worse than most HELOC-loaded subprime borrowers.
