Monday, November 14, 2011

Superintendent Lawsky Announces Agreements With Morgan Stanley, Saxon, AHMSI & Vericrest On Groundbreaking New Mortgage Practices

If the banks made it a practice to hold their own paper, looked at borrowers as customers and not loan numbers and refrained from screwing their own customers these safeguards wouldn't be necessary.

http://www.dfs.ny.gov/about/press/pr1111101.htm

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