The role of servicers in the meltdown coming to light

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Two stories breaking over the weekend are, strangely, a good thing to see. From my perspective the following articles are bringing to light a crime that's time has come to be exposed. I say it's a good thing strangely because under normal circumstances I wouldn't be relieved to see stories of corruption and large corporations suing one another. But these haven't been normal circumstances. From Bloomberg and Forbes...

AIG Sues Countrywide for Misrepresenting Mortgages


The Next Mortgage Mess: Loan Servicing?

Servicer's are screwing people on both ends, the borrowers and the investors. I pray I wake up one day very soon to see this story broken wide open!

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