Pickle Real Estate

Reading Between the Head-Lines

Banks Sold the Same Mortgage Over and Over to Investors

Banks Sold the Same Mortgage Over and Over to Investors
2010-10-19 — firedoglake.com

“This is basically the mortgage bond scandal that Felix Salmon, Shahien Nasiripour and others have been writing about. The banks would knowingly put garbage into the mortgage pools and trot it out to the investors while misrepresenting the product. Now, we’re learning, there was a whole new angle – some of the loans showed up in multiple pools.”

 

original article

 

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October 21, 2010 - Posted by | Banking, Investments, Lending

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