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Loan Modification

: Loan Modification & Home Loan News

The most shocking discovery yet about how the banks hid their toxic mortgages

By Moe Bedard

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Some of these documents have emerged, and they tell quite a fascinating and appalling tale: These documents, from Clayton Holdings, a due diligence company retained by the banks, reveal that Clayton, after analyzing more than 900,000 mortgages, told the banks that about 30 percent of the loans being packaged into securitized products did not satisfy [...]

Full post as published by Loan Modification & Home Loan News on October 21, 2010 (boomark / email).

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