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: Loan Modification & Home Loan News

?Robo-Signer? Foreclosure Scandal May Threaten Fundamental Financial Stability

By Moe Bedard

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The ongoing “turmoil” roiling megabanks and their faulty home foreclosure practices may represent deeper, more systemic problems regarding the origination, transfer and ownership of millions of mortgages, potentially putting Wall Street on the hook for billions of dollars in unexpected losses, threatening to undermine “the very financial stability that the Troubled Asset Relief Program was [...]

Full post as published by Loan Modification & Home Loan News on November 16, 2010 (boomark / email).

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