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Problems with mortgage documents Bank of American acquired when it purchased the mortgage provider Countrywide Financial in 2008 could cost the bank billions, if a testimony in a New Jersey foreclosure case proves accurate.
If her testimony is proven, Countrywide may have not properly transferred the necessary mortgage documents when it sold loans to other banks who then used the loans to create residential mortgage backed securities (RMBS).
Originally posted by IamAbeliever
reply to post by oozyism
I agree with you on starting the revolution. Problem is, that whomever starts it will not have anyone to join them. People are either too afraid of the government, or as someone said to me the other day, "well it hasn't had an effect on me yet, so what do I care." Most people in this country are too busy with their self absorbed lives to care about their fellow citizens. This country truly sickens me.