Refinancing Home Mortgage
In: Mortgage Lenders
8 Jan 2010
K. Black (senior S&L regulator and professor of law and economics) has made about fraud and the big picture of what has occurred in the current as well as the S&L crisis – see this and this – Tavakoli told the IMF: Wall Street gave mortgage lenders large credit lines (similar to credit card debt) and packaged the loans into private-label residential mortgage backed securities (RMBS). Most of the RMBS was rated AAA … But many RMBSs were backed by portfolios comprising risky fraud-riddled …
This is about mortgage information questions.
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