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Reply #10: They thought they did [View All]

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customerserviceguy

(1000+ posts) Send PM | Profile | Ignore

Fri Oct-21-11 10:01 PM
Response to Reply #8

10. They thought they did

They might be better off suing the banks, but banks usually can afford to hire really expensive lawyers. If an investor owns a tiny fractional share of a portfolio of loans, it might not be worth their while. We'll see what they do.

Yes, the way that the mortgage lending business sought to securitize loans was sloppy as hell. However, nobody objected until the real estate market started crashing, then everybody looked for a deep pocket to blame.

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