NY Times Says it All – Almost – Foreclosures: No End in Sight

2 Comments / CDO, Corruption, Eviction, foreclosure, Investor, Modification, Mortgage, securities fraud, Servicer / By

Editor’s Note: The opinionators at NY Times have it right in their description but wrong in their prescription. The reality is that nearly all securitized mortgage loans are worthless and unenforceable. The marketplace seems to know that — with “mortgage-backed securities” (that are not backed by anything in reality) selling at 3 cents on the …

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