Industry NewsMortgage

Congress eyes Wall Street’s role in subprime lending

Investors not liable for abusive loan-origination practices
Published on May 9, 2007

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by CareyBot

Investors who buy mortgage-backed securities shouldn't be shielded from lawsuits by homeowners who are placed in abusive or predatory loans, consumer groups told lawmakers this week.

In the latest hearing on the troubled subprime mortgage lending industry, members of the House Financial Services Committee on Tuesday ...

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