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Real Estate & Property Law

: The Home Equity Theft Reporter

Subprime Loan Investors Gain In Effort To Force Major Banks To Buy Back Crappy Mortgages

By r morris

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Reuters reports:U.S. mortgage bond investors have quietly banded together to gain the long-sought power needed to challenge loan servicers over losses the investors claim resulted from violations in securities contracts. A group holding a third of the $1.5 trillion mortgage bond market has topped the key 25 percent threshold for voting rights on 2,300 "private-label" mortgage bonds, said Talcott

Full post as published by The Home Equity Theft Reporter on July 25, 2010 (boomark / email).

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