New York Court Denies Foreclosure in Case Where Fraud was 'Abundantly Clear'
June 11, 2009
Judicial patience has finally run out in one New York City borough against sloppy lenders that come to court with a defaulted mortgage seeking an automatic order of foreclosure. Ruling on Argent Mortgage v. Mentesana, a Brooklyn judge held that foreclosure is...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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