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Loan Modification

: Mortgage Lender Implode-o-Meter

San Francisco FHLB Sues Over Questionable Mortgage Investments

By Implode-Explode Heavy Industries

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"The Federal Home Loan Bank (FHLB) of San Francisco filed complaints last week in the Superior Court of California against nine securities dealers it claims made misleading statements about mortgage loans underlying securities."

Full post as published by Mortgage Lender Implode-o-Meter on March 23, 2010 (boomark / email).

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FHLB Of San Francisco Sues To Void $19.1B+ Purchase Of Crappy Mortgage-Backed Securities; Says Dealers BS'd About Quality Of Underlying Home Loans

More On FHLB Of San Francisco Suit To Void Purchases Of Billion$ In Residential Mortgage Backed Securities

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