Mortgage lenders ordered to appear in NJ court

Discussion in 'Economy' started by Modbert, Dec 22, 2010.

  1. Modbert
    Offline

    Modbert Daydream Believer Supporting Member

    Joined:
    Sep 2, 2008
    Messages:
    33,178
    Thanks Received:
    2,957
    Trophy Points:
    48
    Ratings:
    +2,962
    Mortgage lenders ordered to appear in NJ court - Yahoo! News

    $picard-facepalm.jpg
     
  2. william the wie
    Offline

    william the wie Gold Member

    Joined:
    Nov 18, 2009
    Messages:
    7,302
    Thanks Received:
    676
    Trophy Points:
    175
    Ratings:
    +1,618
    Nevada and Arizona are contemplating similar actions.
     
  3. Revere
    Offline

    Revere BANNED

    Joined:
    Jan 23, 2010
    Messages:
    7,427
    Thanks Received:
    415
    Trophy Points:
    0
    Location:
    Watching you in my profile page
    Ratings:
    +415
    Foreclosure is a market force that affects a lender's willingness to make home loans.

    No foreclosure, no home loans because it tips the risk the wrong way.

    Double dip housing bust incoming.
     
  4. william the wie
    Offline

    william the wie Gold Member

    Joined:
    Nov 18, 2009
    Messages:
    7,302
    Thanks Received:
    676
    Trophy Points:
    175
    Ratings:
    +1,618
    Between putbacks and state court rulings Wells Fargo and BofA will end up with new owners. The shake-out of hinky banks may or may not go further.
     

Share This Page