≡ Menu

Are Bad Loans Returnable?

According to CNN Money.com , institutional investors who purchased home loans bundled together in packages by banks thought they were buying good, solid investments. The document problems found with the foreclosure paperwork is causing investors to ask/force banks to repurchase error based securities. That has the issuing banks concerned about their liability. This is a major reason the banks stopped home foreclosures, so they could determine how many problems they had with the underlying paperwork and the quality of the initial loan.

{ 0 comments… add one }