tag:blogger.com,1999:blog-1442150028442856315.post6242902621268544265..comments2023-05-27T07:30:32.513-04:00Comments on Policy and Economy: Government to sue banks for bad mortgage loans during bubbleJameshttp://www.blogger.com/profile/15243567377599238583noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1442150028442856315.post-43135164859013656192011-09-03T16:50:13.723-04:002011-09-03T16:50:13.723-04:00And it's going to continue for a while. We jus...And it's going to continue for a while. We just attended a conference led by Freddie Mac since we are in the reo realty business. They are predicting that 20% of loans are or will be in default in Miami Dade County by the end of 2010. And the unknown glut of forecloses remains unknown not because banks are playing nice with homeowners to try and keep them in their houses. It’s because they are now dissecting all mortgage related documents to ensure the foreclosure process is done correctly. See...investors that are now buying notes from banks are being surprised with unexpected expenses as a result of borrowers not being initially foreclosed correctly.Mario Avalosnoreply@blogger.com