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Real Estate & Property Law

: The Home Equity Theft Reporter

More On Mortgage Loan Servicers & Their Screw-Ups

By r morris

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Mike Konczal writes in the blog, Rortybomb, on how mortgage loan servicing companies fit into the robosigner foreclosure mess. An excerpt:[T]he first rule of mortgage lending is that you don?t foreclose. And the second rule of mortgage lending is that you don?t foreclose. I?ll let Lewis Ranieri, who created the mortgage-backed security in the 1980s, tell you:?The cardinal principle in the

Full post as published by The Home Equity Theft Reporter on October 14, 2010 (boomark / email).

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