I know it must all be the fault of Fannie Mae and Freddie Mac and poor people but I havenÂt figured out how yet.
Great, now BeeP and Box don't have to say it.
I particularly liked this bit:
Most of the document errors involved mortgages that had been bundled into securities sold to investors, Kessler said.If that's the case, then any solution to documentation that isn't primarily focused on bundled mortgages is solving the wrong problem.