Thursday, October 15, 2009

A New Project for AG Van Hollen

Well, if JB's looking for something to do, now that all that DNA stuff has been fixed ...yah....

How about comparing Wisconsin Statutes to bank mortgage-bundling practices?

“The foreclosure sales (in question are) invalid because they failed to meet the requirements of (Massachusetts law),” Land Court Judge Keith Long wrote yesterday in reaffirming a decision he originally reached in March.

At issue is "lost" (or improperly endorsed) paperwork when mortgages are sold from party to party, as typically happens many times during a securitization process.

He probably doesn't even want to THINK about that.

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