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New Great comment
I know it must all be the fault of Fannie Mae and Freddie Mac and poor people but I haven’t 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.
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Drew
New uh, no
freddie and fannie were doing what the democratic congress told them to do, cant blame them. If people wernt poor they could pay their mortgages yes?

Try wall street and easy credit from the fed, that allowed them to churn more but to churn more they needed suckers to buy shacks they couldnt afford
Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free American and do not reflect the opinions of any person or company that I have had professional relations with in the past 55 years. meep
New Re: uh, no
who was the first to issue MBS for sale? How about a CMO?
Sure, understanding today's complex world of the future is a little like having bees live in your head. But...there they are.
     Whaddaya mean I gotta own the house to foreclose? - (Another Scott) - (3)
         Great comment - (drook) - (2)
             uh, no - (boxley) - (1)
                 Re: uh, no - (beepster)

I think mushrooms are like steroids in this. See how you get bigger and stronger?
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