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Borrowers and Mortgage Investors Double Team Big Banks

January 17, 2011  |  by John Heithaus

Any student of the market has to be watching and waiting for the proverbial “other shoe to drop” regarding shadow inventory and the legal issues of the whole “robo-signing” mess. Last December, this same blog reported (author: Frances Flynn Thorsen) “Recent bank scandals involving robo-signing foreclosure documents and improprieties in the lending process have weakened consumer confidence about housing market recovery prospects.”

For more, read Real Estate Economy Watch … this is a very detailed article, but for anyone that really wants to know what’s going on here, this article does a very good job of it.

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