Fraudclosure Update: The Crowd Is Getting Restless
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.
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.