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Real Estate & Property Law

: The Home Equity Theft Reporter

Sloppy Servicers Now Feel The Heat From Disgruntled Mortgage Bond Buyers As Concerns Rise Over Crappy Monthly Remittance Reports

By r morris

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Asset-Backed Alert (a weekly update on worldwide securitization) reports:Mortgage-bond buyers are losing faith in the accuracy of remittance reports, and some say the apprehension could soon factor into their investment strategies. Remittance reports, distributed monthly by securitization trustees, are supposed to provide routine snapshots of the cashflow-collection and distribution activities of

Full post as published by The Home Equity Theft Reporter on October 17, 2010 (boomark / email).

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