Reply #4: How does all of this not collapse the banking industry? [View All]

[CoffeeCat]

So many banks did business this way. Unfortunately, it was many of the big banks--otherwise known as the "too big to fail" banks.

With so many questionable mortgages out there, and with these types of rampant shenanigans, how on Earth can these mortgages be legal
documents? In effect, they are null and void, are they not?

It seems that many big banks are sitting on a ton of mortgages that are not legally binding.

Is this the next collapse?