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Loan Modification

: Loan Modification & Home Loan News

On Foreclosures, BofA Has Explaining to Do

By Moe Bedard

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But Bank of America also has to address investors’ biggest concern?whether the foreclosure issues reflect deeper problems with loans’ legal status. If that were the case, banks could face a big risk from private investors demanding repurchases of securitized mortgage bonds. Banks are already facing repurchase demands from Fannie Mae, Freddie Mac and mortgage-insurance firms, [...]

Full post as published by Loan Modification & Home Loan News on October 19, 2010 (boomark / email).

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