Fraudclosure Update: The Crowd Is Getting Restless

Tuesday, October 26, 2010
By Paul Martin

by Tyler Durden

The US population is starting to get restless: investors are beginning to sue, there are protests over HAMP, and foreclosure probes are happening.

HAMP Protests

Washington Post: Economists: U.S. should remove top bank execs over foreclosure mess

Assured Guaranty Sues Deutsche Bank Over Mortgages

Assured said more than 83 percent of 1,306 defaulted loans examined in one of the transactions, ACE’s Home Equity Loan Trust, Series 2007-SL2, breached Deutsche Bank’s representations and warranties. In the second deal, Home Equity Loan Trust, Series 2007-SL3, 86 percent of the 1,774 loans breached the agreements, Assured said.

The Rest…HERE

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