Wells Fargo still won’t admit it, but its employees’ testimony makes it clear that, like GMAC, JPMorgan Chase, Bank of America and OneWest Bank, they have a problem with their foreclosure documents. But the solution isn’t just a better documentation process: It’s time to bring back cram downs.
Continue reading More Foreclosure Document Problems: Are Cram Downs the Answer?
More Foreclosure Document Problems: Are Cram Downs the Answer? originally appeared on DailyFinance on Mon, 04 Oct 2010 14:00:00.
Filed Under: Columns, Economy, JP Morgan Chase, Bank of America, Wells Fargo & Co, Real Estate, Credit