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US banks fight back in ‘foreclosure-gate’ ( "PIMCO, Blackrock, NY Fed Seek to Force BofA to Repurchase $47 Billion in Soured Mortgages; Viral Nonsense on "Show Me the Note" and "ForeclosureGate"" and related posts ( Banks Face Two-Front War on Bad Mortgages, Flawed Foreclosures.

BANKS FACE TWO-FRONT WAR ON BAD MORTGAGES, FORECLOSURES He probably made the foreclosure crisis worse with a series of programs designed to help banks but marketed. judges write down mortgage debt, a ban on illegal wiretaps, an end to national security. 4 Minute PreQualification .

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BANKS FACE TWO-FRONT WAR ON BAD MORTGAGES, FORECLOSURES As in 1873, a complex financial pyramid rested on complex, hard-to-value, illiquid securities. In response, banks began hoarding cash. banks that hoard cash do not make short-term loans. Today businesses of all sizes face unprecedented difficulties in getting loans to.

Homes headed to foreclosure almost always have one, and as a real-estate agent specializing in so-called short sales – where a bank is trying to quickly sell. which is snarled in a thicket of bad.

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