Borrowers see glitches as big banks sell off mortgage rights
After years of collecting mortgage payments from as many people as they could, big U.S. banks such as Bank of America and Wells Fargo are scaling back.
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#1 May 8, 2013
Bank of America is selling of hundreds of BILLIONS of bad mortgages to souped-up Texas collection agencies. Like all collection agencies, these bloated tele-harassers have no real teeth -- they call you up and threaten you, and might even show up on your doorstep, but do not have the jurisdiction to truly enforce laws.
Moreover, the banks have already broken every financial law in the books a million times over and are the most brazen crooks since Nero. Further still, they have never operated under laws, but only under their own corporate statutes.
Since: Nov 12
#3 May 11, 2013
nice thread. thanks for sharing that information. it was very informative.
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#4 May 13, 2013
Yeah sure - but people do t need to "repair their credit" - all they need to do is abandon it and stop worrying about getting loans.
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