Friday, February 05, 2010

Mortgage Bankers Association Half Off Sale

by Bill McBride on 2/05/2010 08:15:00 PM

From the WaPo: Mortgage bankers group sells D.C. offices to Bethesda company (ht John, Ann)

The Mortgage Bankers Association ... fell victim to the collapse of the market and sold its $90 million headquarters in downtown Washington on Friday for $41 million.
...
The Mortgage Bankers Association moved into the building in 2008 just as the real estate market was crashing ...
Sounds like they were drinking their own Kool-Aid!

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