“What is surprising is the fresh evidence these cases are turning up of cockeyed mortgage practices, during both the boom and the bust. As these matters are adjudicated, perhaps we will finally learn whether these practices were intended or accidental.” — Gretchen Morgenson, NY Times Editor’s Analysis: Gretchen Morgenson has latched onto the key element […]

Tags: accounting, balance sheet, credit bid, Gretechen Morgenson, MERS, modification, Ny Times, payment, Ponzi, taxes on cancellation of mortgage and note
Posted in bubble, Corruption, Eviction, securities fraud |