Saturday, September 1, 2012

Banks getting push back from courts on PSA's

The banks are finally getting resistance from the cour regarding the PSA's regarding securitization of mortgages.  The Pooling Service Agreements are the documents that set forth the rules regarding securitizing mortgages to be sold on Wall Street.  Banks have been given a free pass for many years whle they have failed to follow the PSA requirements in proper fashion.

You can read much more on the push back from the courts regarding bank's failure to abide by the PSA's.  Read more here

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