Posted on June 19th, 2009 in
Mortgage Lenders
Loan Redos Get Tangled in Thicket of Red TapeWall Street Journal
Chase's mortgage business collects monthly payments and handles other chores on $1.5 trillion of mortgages. It owns about a fifth of those loans, having sold the rest to investors. Since October, the bank says it has prevented about 180000 foreclosures …
Read in full at Loan Redos Get Tangled in Thicket of Red Tape – Wall Street Journal
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