Unlike in years past, when just a bank and a borrower were involved in a mortgage, today's loans have been bundled together, sliced into securities and sold to investors. That has created problems for officials trying to help borrowers, because so many parties are involved.
Bottom feeders on society. They should fell the pain not the American taxpayer!
2 posted on 12/02/2007 5:18:28 PM PST by rocksblues
(Just enforce the law!)