SEC expands mortgage probe over MBS's

SEC expands mortgage probe over MBS's

By we are stardust on Mon, 12/20/2010 - 7:16am |

I'd love to eat some crow on this one. The iissue at hand is how the mortgage servicers conducted business, whether or not the loans were conveyed properly or not down the chain to the issuers of the bundled mortgages, and if the bundles were presented fraudulently.

Ted Kaufman raised the alarm not long ago; individual states have been taking the lead on investigations, and it's high time the federal regulators join in. Marcy Kaptur explained MERS on Ratigan's show.

http://dagblog.com/reader-blogs/very-bad-honest-news-ted-kaufman-tarp-7501

http://dagblog.com/reader-blogs/great-mers-whitewash-kaptur-dylan-ratigan-7561

URL:

http://www.reuters.com/article/idUSN1710716720101217