Header graphic for print
Mortgage Crisis Watch Business and legal issues affecting: loan repurchases | mortgage-backed securities | mortgage insurance

Category Archives: Uncategorized

Subscribe to Uncategorized RSS Feed

Inaccurate Appraisals: Weakest Buy-Back Demand

Misrepresentation? We have long held the view that investors’ buy-back demands based on allegedly inaccurate appraisals are about the weakest type of buy-back demand imaginable. Think about it: the two fundamental components of such a demand are that the loan originator made a “misrepresentation,” and that the misrepresentation concerned the appraised value of the property… Continue Reading

What a Settlement – Banks and Government Think They Can Work off Debt by Hurting Investors!

Servicers to Receive Credits for Principal Writedowns of Loans American Banker’s Kate Berry reports that mortgage bondholders are now threatening legal action over the $25 billion national mortgage settlement, which provides the five largest servicers with “credits” for principal writedowns. The settlement’s final terms, released last week, offer banks incentives to write down the principal… Continue Reading