Big Banks Warned on Loan Mods
The report, “Why Servicers Foreclose, When They Should Modify, and Other Puzzles of Servicer Behavior,” reveals that servicers, unlike investors or homeowners, generally don’t risk losing money on foreclosures.
Archive for April 20th, 2010
Taking Moody’s to Court!
Attorney General Brown takes Moody’s to court April 19th, 2010 at 10:19am Attorney General Edmund G. Brown Jr. announced he is taking bond rating firm Moody’s Investor Service to court to force it to explain how it decided to give its highest ratings to subprime mortgage-backed securities that ruined investors and caused the government to [...]
