Investors I warned you..you did not listen , and now you lose again and it will continue to happen till you pull out.I also warned you about Roosevelt Mortgage - US bank Trustee- done in Dec- 2012- Feb 2013 - these bonds are full of fraud.
Foreclosure documentation issues trap investors
Investors in mortgage bonds are finding themselves on the losing
end once again with foreclosure documentation issues at servicing shops
leading to additional losses, Reuters reports.
Reuters says a study of loan documents and property records show
mortgage servicers in some cases reporting homes as still in foreclosure
long after they were sold off or paid.
If you’re an investor in one of the pools carrying these ghost home
loans, you may be paying monthly fees that are no longer warranted or
buying into bonds that still have billions in undiscovered losses,
The end result of this chaos could be another round of litigation,
with investors targeting banks for newly discovered losses, the