Carlisle says he fell behind on car and home mortgage payments after AIG cut off his disability pay last September. He expects the bank to re-possess his car in the next few days. His home, which is.
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BANKS FACE TWO-FRONT WAR ON BAD MORTGAGES, FORECLOSURES US banks fight back in ‘foreclosure-gate’ (alternet.org) "PIMCO, Blackrock, NY Fed Seek to Force BofA to Repurchase $47 Billion in Soured mortgages; viral nonsense on "Show Me the Note" and "ForeclosureGate"" and related posts (globaleconomicanalysis.blogspot.com) Banks Face Two-Front War on Bad Mortgages, Flawed Foreclosures.
BANKS FACE TWO-FRONT WAR ON BAD MORTGAGES, FORECLOSURES shoddy mortgage lending has led bankers into a two-front war, pitting them against U.S. homeowners challenging the right to foreclose and mortgage-bond investors demanding refunds that could approach $200 billion, Bloomberg News reported today.
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