Detailed text transcripts for TV channel - MSNBC - 20111009:13:21:00
From my position, and i get in trouble for saying this, and i will probably get in more trouble for saying this, and they have millions of record fees, and number two, to make the ability to sell mortgage-backed securities more nimble. take that fast-forward 15 years and they lost track of who owns what, and then there is the investor that owns the note and then no connection, and then when they service the notes, it's simply more expensive for them to service the note, and that's the heart of the matter from my perspective. you see the servicing banks for closing at rapid rates, because they ...
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