Economist: US Trustee Program Challenges Right of Servicers to Foreclose
“the right of mortgage servicers (which administer payments to investors) to foreclose on loans that were sliced and diced in securitisations is being challenged by, among others, the United States Trustee Programme, the arm of the Justice Department with the job of protecting the integrity of the bankruptcy system.” 5-7 Years of Litigation Ahead The …
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