Five Bad Reasons to Avoid Principal Correction (Reduction)

67 Comments / bubble, CDO, Corruption, currency, Eviction, evidence, Fannie MAe, foreclosure, GTC | Honor, investment banking, Investor, Modification, Mortgage, securities fraud, Servicer, Statutes / By

5 years ago it was obvious to anyone with the facts that the entire system or mortgage origination and mortgage foreclosures had been turned on it’s head, starting with one huge lie: that the value of the property exceeded the amount of the loan. It was in 2005 when 8,000 appraisers warned congress that their …

Five Bad Reasons to Avoid Principal Correction (Reduction) Read More »