Random Feed wrote an interesting post today on
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NEW YORK, April 8 A former Citigroup Inc senior underwriter warned senior managers including Robert Rubin that the bank was selling problem loans to investors as the mortgage market peaked and deflated, the executive testified. Richard Bowen, a former business chief underwriter for Citigroup, said today that he warned the banks senior executives of problems with most of the prime mortgages it …

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Random Feed wrote an interesting post today on
Here’s a quick excerpt
APRIL 30 2009 - Financially troubled borrowers may think that foreclosure or a short sale of their home means their mortgage woes are over. Not necessarily. Some homeowners are finding that when they sell their homes for less than the outstanding mortgages — a so-called short sale — their mortgage companies are going after them for some or all of the difference. Mortgage companies are also sometimes taking legal action to recover unpaid amounts after a foreclosure is completed. In a growin

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