Mortgage investors trying to pry compensation from banks over bad loans are increasingly making frivolous claims among the legitimate ones, adding new stress to the test of wills and wallets, according to firms that review the cases. Analysts say investors have taken on a kitchen sink strategy, in which they try to exploit any and all errors – even if they had nothing to do with a loan’s default.
Analysis: Kitchen sink strategy dirties mortgage putback wars
November 30, 2010, 3:43pm
Christine was a reporter with HousingWire through August 2011.see full bio
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Christine was a reporter with HousingWire through August 2011.see full bio
