Monday, January 31, 2011

Faulty Foreclosure May Mean Massachusetts Buyer Isn?t Owner - Businessweek

The latest case, Bevilacqua v. Rodriguez, could affect trusts that bundled mortgages and sold securities to investors. Questions about lending practices, including alleged overstatements of borrowers’ income and inflated appraisals, have pitted mortgage-bond investors against banks. Also, loan originators or trust sponsors may be forced to buy back mortgages wrongly transferred into loan pools.

From: http://ping.fm/v8BSW

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