We have long been skeptical of most loan “repurchase” or “indemnification” demands made by big banks against the third-party originators (i.e., correspondent lenders) who sold those loans to the big banks many years ago....more
1/10/2013
/ Aurora ,
Bank of America ,
Chase Bank ,
Citibank ,
Countrywide ,
Foreclosure ,
Mortgages ,
Settlement ,
SunTrust ,
US Bank ,
Wells Fargo ,
Wrongful Foreclosures
How can Countrywide/B of A even keep a straight face when it argues that correspondent lenders need to pay it outrageous amounts of money to settle claims for actual or potential losses?...more