Wells Fargo Sues EMC as Trustees Start Playing Ball with RMBS Investors; Servicers Still Holding Out

We might be seeing a break through in the Mortgage finance as a few of the big money banks start battling each other. The Parent company to EMC is JP Morgan. Even though they have connections in the White House now it might not be enough to stop the fall out from hundreds or even thousands of Loan put backs. Great article here at the Subprime Shakeout. Follow the link below. Wells Fargo Sues EMC as Trustees Start Playing Ball with RMBS Investors; Servicers Still Holding Out Make big money in penny stocks today