Did anyone else see this today? This is only speculation, but I always wondered how well all the mortgage documents were organized for all the years the sub-prime mortgage crisis was building. Foreclosures surely require complete documentation and while I'm sure some lenders/services have outstanding records systems, something tells me there are lots of documents which are not in good order from the sub-prime crisis.
Interestingly, when I checked the story, Bank of America's stock was up in response!
Anyone else have thoughts or insights on this?
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