Settlement Irks RMBS Investors

13 Feb 2012

The settlement between government officials and five major lenders has caused concern among investors in residential mortgage-backed securities that they may end up paying for the banks’ mistakes.

The settlement between government officials and five major lenders has caused concern among investors in residential mortgage-backed securities that they may end up paying for the banks’ mistakes. In addition, they fear that the mortgage servicers may have incentives to aggressively slash principals on investor loans, as well ...

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