Industry News

Bill could hold MBS investors liable for deceptive loans

Bipartisan support building for 'assignee liability'
Published on Apr 10, 2007

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by CareyBot

Barney Frank and Spencer Bachus, leaders of the House Financial Services Committee, are reportedly in agreement on the need for legislation that would hold Wall Street investors who purchase mortgage-backed securities liable for predatory loans. Making investors liable for predatory ...

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