33-9117 Proposed ABS Regulations
The recent financial crisis highlighted that investors and other participants in the securitization market did not have the necessary tools to be able to fully understand the risk underlying those securities and did not value those securities properly or accurately.
Filed under: bubble, CDO, CORRUPTION, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud |
In my case if you wake up one morning and you are nearly 50% underwAter there is only one option and that wAs to find out why, never had I seen this in my life and then it became like peeling an onion a big onion
You know by these investment banks keeping all these sucurities deals hidden from homeowners that prevents the homeowner from having all options available in order to save their house. Why should homeowners be forced to pay the full amount of any loan that has been resold over and over again and reduced in value every step of the way.